IDOL SUES LVMH FOR NON-PAYMENT OF $12.2M PARACHUTE.(John Idol)

From: WWD | Date: December 21, 2001| Author: Wilson, Eric | Copyright information

NEW YORK -- John Idol may not be able to collect his $12.2 million payout from Donna Karan, after all.

The former Donna Karan chief executive, who left the company in July with a mega-payout package, hasn't yet seen a dime, and now he's taking the company and its new owner to court.

In a filing this month in State Supreme Court, Idol has charged a breach of contractual complaint against his former employers and LVMH Moet Hennessy Louis Vuitton, which complet...

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