Former Mercury Marine managers lose lawsuit - Trade Only Today

Former Mercury Marine managers lose lawsuit

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A federal judge dismissed a lawsuit brought by six ex-Mercury Marine managers who said the company unlawfully withheld bonuses promised in 2008 for cutting costs.

U.S. District Judge William Griesbach found that the Cost Reduction Incentive Program offered to 100 managers was trumped by a clause that allowed it to be canceled at any time, the Fond du Lac Reporter newspaper reported.

The program was aimed at cutting at least $22 million in company spending.

"Because plaintiffs were paid for their work and because they acknowledge that Management Rights Clause permitted cancellation of CRIP, there is no genuine issue of material fact regarding their [unjust enrichment] claim," Griesbach wrote in the 19-page opinion.

In addition to dismissing the suit, Griesbach wrote that he will open files sealed during the litigation within 45 days unless the parties can convince him otherwise.

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