Taritero sues AFT over contract buyout

The former president/CEO and board chairman of American Film Technologies has sued the company for reneging on a promise to pay him for the last two years of his employment agreement after he agreed to resign last November.

Joseph M. Taritero, in a complaint filed in Los Angeles Superior Court, charged that AFT engaged in a “fraudulent scheme” to “cheat” him out of $ 686, 000 in salary by making the promise and then going back on it only six weeks later.

The company also allegedly went back on a promise to negotiate “outstanding issues,” the suit said.

The complaint also asks unspecified punitive damages.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety