Company’s Failure to Object at Trial May Have Cost It Millions
In a complex civil matter, the founder and CEO of a large publicly traded on-line banking company sued his former company for millions after he was voted off as CEO. The company, Online Resources Corporation (ORC), appealed the decision after a Fairfax County jury decided it was liable to pay over $5 million in compensatory damages and over $2 million in attorney’s fees. On appeal, the Virginia Supreme Court upheld the trial court’s decision on…
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