Graphics Co. PGC Says Ex-Boss' Abuses Cost It $4M

Law360, New York (October 19, 2011, 5:08 PM EDT) -- PGC Imagine Graphics LLC sued its former president in Illinois state court Tuesday, claiming he cost the company more than $4 million by working to personally acquire a competitor while on the job and trying to sway colleagues to jump ship with him.

Niles, Ill.-based PGC says Norman Friedman betrayed the company before he stepped down as president, and also accuses the former executive of grossly mishandling its business, leaving the company more than $2 million in debt.

“The conduct of Friedman in breaching his fiduciary...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.