Legal Question in Employment Law in California
imdemity and release
can Board @ private housing co-op corp. release all claims against employee on behalf of all shareholders. ''. . . hereby waive, release, acquit and forever discharge. . .for any all claims (contract claims, fraud claims arising uner fed, state, gov't statute, law. . . Is the employee protected from civil or criminal actions like embellzement? Did Board breech its fiduciary duties to protect employee rather than its sharholders? Thank you.
Asked on 8/04/08, 5:50 pm
1 Answer from Attorneys
Steven Miller
Steven L. MIller, a Professional Corporation
Re: imdemity and release
Is your question accurate? Is it the shareholders releasing the employees, or is it they want the employee to release? If they want the employee to release, is it part of a severance or settlement of a wage/ employment dispute?
Answered on 8/05/08, 3:12 pm
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