GE Decides Not to Legally Pursue Former CEO


Published on January 12, 2021

Three years after former CEO Jeff Immelt left General Electric, reports the Wall Street Journal, their Board of Directors decided not to claw back his compensation, determining that they could not prevail on claims of fraud, misconduct, and breach of fiduciary duties. Shareholders have a right to pursue legal actions when corporate officers break their fiduciary duties, which are numerous, including filing complaints with the SEC. If you are caught in a similar situation, an attorney can help determine if there sound legal basis to defend shareholders against misconduct and pursue necessary litigation.

If you have been harmed by shareholder oppression or accounting fraud, speak to WLG’s attorneys for free at (866) 354-7687 or email us at info@warren.law.

https://www.wsj.com/articles/ge-wont-try-to-claw-back-jeff-immelts-pay-11609878115/

 

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