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WR Berkley Wins $200,000 Stock Clawback Suit Against Former Exec

Sept. 29, 2022, 6:20 PM

A former corporate vice president for a W.R. Berkley Corp. subsidiary must repay the company more than $200,000 in stock benefits after a Delaware federal court upheld the company’s determination that she’d left to join a competitor.

Julie Ann W. Dunai failed to show that the company acted in bad faith when it determined that she’d engaged in a “competitive action” that required her to return her stock benefits, the US Court for the District of Delaware held Wednesday. Showing bad faith “is hard,” the court said, and all Dunai alleges is a “series of shortcomings” in the deliberations of ...