- 4 - and fair dealing; (4) wrongful discharge; (5) intentional infliction of emotional distress; and (6) retaliatory discharge. Petitioner sought backpay along with related benefits and $2 million compensatory damages for pain and suffering and other related torts, plus $6 million for punitive damages. Petitioner and Liberty were able to negotiate a settlement of the lawsuit. They each signed a settlement agreement (settlement agreement) in which Liberty agreed to pay petitioner $70,000. Paragraph 1 of the settlement agreement specified that Liberty would pay the $70,000 as follows: (a) the sum of $12,000.00 (less applicable withholdings and deductions) . . . [to] be reflected on an IRS Form W-2; and (b) the sum of $58,000.00 . . . [to] be reflected on IRS Form 1099. Paragraph 2(c) of the settlement agreement specified that petitioner released Liberty from “all claims for wrongful discharge, breach of contract, fraud, misrepresentation, defamation, torts, or any other claims in any way related to Plaintiff’s employment with and termination from Liberty Travel.” In addition, paragraph 11 of the settlement agreement stated that the agreement was the result of a compromise and was made solely to avoid the expenses of litigation. Liberty expressly denied any liability to or wrongdoing against petitioner.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 Next
Last modified: May 25, 2011