A California court confirmed an earlier $4 billion arbitration award in favor of a former marketing officer in Chester v. iFreedom Communications Inc. the arbitrator concluded that the employer breached an employment contract by discharging the employee without cause and failing to pay commissions as required by his agreement. Post-judgment interest alone is accruing at the rate of over $1 million per day until the award is paid. The arbitrator, retired Judge William F. McDonald, awarded almost $1 billion in compensatory damages and interest, and $3 billion in punitive damages, plus sanctions for the employer’s failure to pay arbitration fees.
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Court affirms arbitrator award of over $4 billion to former marketing officer
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