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O’Brien Law Firm helps company VP win $425,000 award in arbitration over breached employment agreement

On August 14, 2020, an arbitrator for the American Arbitration Association issued an Interim Award for the firm’s client, for over $376,000. The arbitrator subsequently increased the award to over $425,000 for attorney fees and costs. The firm’s client is a former VP for Revolution Insurance Technologies, Inc., an Austin-based insurance tech company. The then-company president terminated this VP halfway through his 3-year contract, with no notice, even though one was required by the contract. RIT also refused to pay him his bonuses due. After a two-day arbitration hearing with hundreds of pages of evidentiary documents and extensive testimony from 5 witnesses, the arbitrator issued a ruling in favor of O’Brien’s client, awarding him 98% of the amount that O’Brien had originally demanded on his behalf. RIT’s last settlement offer before the arbitration was only $30,000.

In December 2020/January 2021, the O’Brien Law Firm obtained a final judgment from a Texas court on the award, garnished RIT’s bank account of over $40K in funds, and obtained court approval for a receivership over RIT’s affairs to help the client continue to work towards recovering the full amount awarded to him. In April 2021, after 3 months of receivership, the company and O’Brien’s client resolved the remaining debt on confidential terms.

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