O’Brien Law Firm helps company VP win $376,000 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 may add up to another $55,000 in attorney fees and costs to the award in the next 30 days. The firm’s client is a former VP for Revolution Insurance Technologies, Inc., an Austin-based insurance tech company. Then-company president Kurt Burr, with the consent of board director Myles Sherman, 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 extensive testimony from 5 witnesses, the arbitrator issued a ruling in favor of the firm’s client, awarding him 98% of the amount that Kerry O’Brien had demanded on his behalf. RIT’s last settlement offer before the arbitration was only $30,000. The firm will be entering the final award in a Texas state court to then move forward with collections recovery actions against the company.