Fiat Chrysler U.S. sales chief who sued the company is leaving

The company says in a statement that Reid Bigland will leave Fiat Chrysler April 3 after 22 years with the company. He'll pursue other interests.

FCA CEO Mike Manley thanked Bigland for his service in a company statement. "We all wish him every success in his future endeavours," Manley said. Bigland said in the same statement that that it's been a privilege to work at FCA and with the company's dealers. The company withheld Bigland's 2018 long-term incentive stock payout, special dividends and an annual bonus in retaliation for his testimony and because he sold some stock, according to the lawsuit. Documents say the dividends alone are worth about $1.8 million.

Fiat Chrysler agreed to pay the civil penalty and to stop violating anti-fraud, reporting and internal accounting control regulations, the SEC said. The automaker did not admit or deny the agency's allegations.The SEC said the automaker boasted about a streak of year-over-year sales increases into 2016, when the streak actually was broken in September of 2013.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mother of Toronto man killed in Uber accident sues company and city for lack of driver trainingThe lawsuit was filed recently in Ontario Superior Court of Justice, nearly two years after the death of Nicholas Cameron in a collision on Toronto’s Gardiner Expressway Another young man sacrificed by Uber's incompetence and responsibility in choosing drivers and many other things. Most newcomers have no driving experience or even licences till they get here. Flipping burgers is not the same as driving people redound this insane city. Sue them
Source: globeandmail - 🏆 5. / 92 Read more »