Cardinal Growth Accused Of Stiffing Ex-Exec On Pay

Law360, New York (June 19, 2012, 7:14 PM EDT) -- A Chicago private equity veteran has taken aim at his former firm, saying top managers at Cardinal Growth Corp. duped him into joining their team based on false valuations and later failed to furnish the compensation they agreed to pay him.

Daniel Foreman, who was courted by Robert Bobb and Joseph McInerney beginning in 2007 and stayed with Cardinal Growth until 2009, last week asked an Illinois circuit court to force open his former employer's pocketbook and demand it cough up more than $250,000 in shorted...
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