Word: sollman
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Dates: during 1990-1999
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...late 1994. Lerach accused company officials of dumping stock nine months earlier. Although a judge threw out all but one charge, Centigram decided, after nearly a year of fighting, to settle for $1.5 million, a typical corporate approach. "We did an economic analysis," says president and CEO George Sollman. "I calculated that going into court and trying this would cost us between $750,000 and $1 million in legal fees, plus a lot of management time." Instead, he agreed to pay $250,000 toward a settlement, with his insurance companies paying the rest...
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