E L & Associates v. Bennett CA1/2
In 1999, appellant Wayne Bennett, a certified public accountant, became the chief financial officer at respondent E L & Associates, Inc. (ELA), a company formed by respondent Ed Toy. In 2002, as fallout from the “.com bust” took effect, ELA reduced the salaries of all employees, including Bennett, a state of affairs that lasted for years. In 2011, Toy received a fraud alert on a credit card, investigation of which led to the conclusion that Bennett was involved in the incident—and much, much more. The upshot was Bennett’s termination—and the within lawsuit.
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