Former McDonald's CEO calls company's clawback lawsuit 'meritless' and 'misleading'

Former McDonald's CEO Steve Easterbrook responded to the company's lawsuit against him, calling it "meritless and misleading."

In Friday court filings, Easterbrook requested to dismiss the case against him, claiming that the equity award agreement mandates litigation in DuPage County, Illinois and that there is language in the separation agreement bars the company from reversing it. "McDonald's – a sophisticated entity represented by numerous internal and external experts when it entered into the Separation Agreement – is aware that it cannot credibly allege a breach of contract claim," Easterbrook's lawyers said in the filings. "Instead, it improperly seeks to manufacture claims for a breach of fiduciary duty or fraud."

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