Solsby v. Plaza Bank CA4/3
Donald Solsby appeals from a judgment following the trial court’s grant of summary judgment in favor of defendant Plaza Bank (the Bank)—Solsby’s former employer—on a claim for breach of the Bank’s obligation to pay him a bonus.
Solsby originally sued the Bank, which is insured by the Federal Depository Insurance Corporation (FDIC) and is thus subject to its regulation, alleging it had breached the terms of his severance agreement in two ways: first, when the Bank failed to pay him $165,000 owed in connection with the Bank’s “change in control;” and second, when it failed to pay him an additional $165,000 owed as a consequence of the termination of his employment. However, in a prior opinion, we affirmed the trial court’s summary adjudication of Solsby’s claim for the latter payment, which qualified as a prohibited “golden parachute” under title 12 United States Code section 1828(k). (Solsby v. Plaza Bank (Feb. 17, 2015, G049272) [nonpub. opn.] (Solsby I).
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