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

Standard Pacific Strikes $4M Deal With Ex-Execs

Law360 (March 9, 2009, 12:00 AM EDT) -- Homebuilder Standard Pacific Corp. will shell out more than $3.9 million under settlement agreements that became effective last week to resolve employment-related disputes with two former executives who left the company in February.

The settlement and release agreement with Andrew H. Parnes, Standard Pacific's former chief financial officer and executive vice president, became effective on March 6, and calls for Parnes to receive a $2.4 million lump sum payment, Standard Pacific said in a Monday filing with the U.S. Securities and Exchange Commission.

The settlement and...
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.