Wednesday, November 19, 2008

Billy Wilkins' return to the courtroom as a lawyer meets with success

From the Greenville News:

William W. “Billy” Wilkins successfully argued against a motion in a shareholder suit against South Financial that asked for a temporary restraining order barring retirement payments to retired CEO Mack Whittle as part of a an agreement that the suit alleges is “unconscionable” and could threaten the company’s solvency if carried out.

The agreement would pay Whittle $10 million following his retirement in October, attorneys said in court Tuesday during a hearing before Circuit Judge John Few, who denied shareholder Vernon Mercier’s request for the restraining order.

Not surprisingly, Wilkins's stock as an advocate is rising.

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