IMDb > Phillip Feiner > News
Top Links
biography by votes awardsNewsDeskmessage board
overviewby type by year by ratings by votes awards by genre by keyword
biography other works publicity photo galleryNewsDeskmessage board
External Links
official sites miscellaneous photographs sound clips video clips

Connect with IMDb

2013 | 2007

1 item from 2007

Ex-Pac Title CEO files suit

14 August 2007 | The Hollywood Reporter | See recent The Hollywood Reporter news »

Former Pacific Title & Art Studio president and CEO Phil Feiner filed suit Monday against Pacific Title and its former owner, Safeguard Scientifics.

In papers filed with the Los Angeles Superior Court, Feiner -- who, after 30 years with the company, was dismissed in March just before the company's sale -- claimed wrongful termination and breach of written contract in a list of complaints.

"It has become clear that the then-corporate owners of Pacific Title had devised a sinister plot to oust Feiner from the company because he refused to falsely inflate the company's value in connection with the pending sale," the suit alleges.

Pacific Title was sold in March by holding company Safeguard Scientifics for $23 million to an investment group led by private-equity fund Celerity Partners, stage venture capital firm Ticonderoga Capital and venture capitalist William Daniels.

The filing continues, "In the months since his termination, although defendants have admitted that they owe Feiner his severance package, they have steadfastly refused to pay him even one dime of what they admit they owe, including payment for health benefits."

Noting that the dismissal occurred before the company sale, Daniels said, "We believe the responsibility falls to Safeguard."

Safeguard declined comment. »

Permalink | Report a problem

2013 | 2007

1 item from 2007, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.

See our NewsDesk partners