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: Bodily Injury Blog

CFO Fired for Reporting Rules Violations, Suit Says

By Edward Bills

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Tennessee Commerce Bancorp has been named with a lawsuit over the firing of its former Chief Financial Officer George Fort. The lawsuit, filed by the U.S. Department of Labor, claims that Fort was fired as retaliation for reporting possible accounting rules violations. Fort raised questions about former Chairman and Chief Executive Officer Art Helf?s sale of $1.1 million in stock in June 2007, shortly before the bank told shareholders that three board members were quitting in protest of large pay increases for top executives. The lawsuit is demanding that Fort be given his job back and paid $1.5 million in back pay and legal fees.

Full post as published by Bodily Injury Blog on May 19, 2010 (boomark / email).

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