Former Alex And Ani Gc Files Wrongful Termination Suit
Robert Rainville, a former general counsel for Alex and Ani, filed a lawsuit against the Rhode Island-based lifestyle brand, claiming wrongful termination in addition to breach of contract with regard to stock and bonuses. The case is a good reminder for in-house counsel to formalize “perk promises” and to also make work boundaries clear. Rainville, a former candidate for state attorney general, filed the lawsuit earlier this month, claiming he was promised a transactional bonus of $1 million for helping the company obtain $70 million in financing from a private equity firm, JH Partners in San Francisco, last September, reports Cranston’s WJAR-TV....