We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Former Foodservice CEO To Pay $8M To Settle Suit

Law360 (December 18, 2007, 12:00 AM EST) -- Royal Ahold announced Tuesday that the former chief executive officer of its former U.S. subsidiary will pay $8 million to settle a legal dispute that became entangled in an accounting scheme that exaggerated the unit’s earnings.

James Miller, who helmed U.S. Foodservice for about 10 years, will receive health and retirement benefits in return.

Miller, who was never charged in connection with the fraud allegations, brought the suit against his former employer in 2004 alleging breach of contract, among other things. The Dutch company fired back...
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.