GEORGETOWN, Del. AP - A Delaware judge has approved a settlement in a shareholder lawsuit brought against database provider InfoGroup over abusive personal spending by founder Vinod Gupta.The settlement approved Friday by Chancellor William Chandler III calls for Gupta to reimburse $9 million to the company. Gupta also will step down as chief executive officer and receive a $10 million severance package.
November 07, 2008 at 12:00 AM
1 minute read
GEORGETOWN, Del. AP – A Delaware judge has approved a settlement in a shareholder lawsuit brought against database provider InfoGroup over abusive personal spending by founder Vinod Gupta.
The settlement approved Friday by Chancellor William Chandler III calls for Gupta to reimburse $9 million to the company. Gupta also will step down as chief executive officer and receive a $10 million severance package.
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