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Nacht Law takes on Domino’s Pizza in Executive Fight over Stock Options Promises

On Behalf of | Oct 3, 2012 | Firm News |

Nacht Law Attorney David Blanchard is representing Jim Vitek, a former vice president of Domino’s Pizza in a post termination dispute over cancellation of vested stock options. The lawsuit, filed in Washtenaw County Circuit Court alleges Dominoes illegally cancelled Vitek’s vested stock options by classifying his termination as “for cause” under options agreements even though the sole reason for termination was Vitek’s brave refusal to sign an overreaching non-compete agreement forced on him by the company after 15 years of employment. Press coverage by highlights the question should entrepreneurial spirit be punished? “Obviously these types of disputes illustrate the huge disparity of power an employer can wield even over executives, or maybe especially over executives.”, said attorney Blanchard. “The kind of abusive use of non-compete agreements and overreaching employer control over intellectual property outlined in Vitek’s case is exactly the stuff that threatens American development and continues to hold our economy hostage, unless brave employees fight back.”