Jury rules Marsh committed fraud, owes $2.2 million
A jury has ruled a former Marsh CEO owes $2.2 million to the company.
The jury decided Don Marsh breached his employment agreement with the company and failed to submit reasonable expenses in a civil lawsuit brought on by the company's new owners.
The jury found that the former CEO made false statements to the company about money, committed fraud and caused damage to the company. It ruled that Marsh gained an advantage at the company's detriment.
$800,000 of the total sum owed by Marsh is from the fraud ruling.
The jury also ruled against Marsh's counterclaims. Marsh said the company submitted false income forms.
The new owners of the supermarket chain wanted the former CEO to repay $7 million to the company.
The jury reached the verdict late Friday after more than six hours of deliberation.