"

Estimated reading time: 0 minutes, 43 seconds

Paychex Won't Appeal $26 Million Judgment

Thursday, Mar 25 2010
News
Written by 

Paychex logoPaychex will not appeal a judge's decision that upheld a two-year-old jury verdict involving its 2001 decision to stop supporting the payroll processing software of Rapid Payroll, a company that Paychex had acquired in 1996. In a suit brought by a Rapid Payroll licensee, the company will pay $15 million in compensatory damages and $11 million in punitive damages awarded by the jury.

Paychex decided to ended the case after the California's Court of Appeal upheld the  jury verdict on March 9. The company had notified its licensees in August 2001 that it would stop supporting the Rapid Pay software in August 2002.

Paychex said the communication stemmed from the fact the licensee contracts were unfavorable to the company. That action produced suits by licenses that included claims such as breach of contract and related tort and fraud causes of action. Suits with 75 of 76 licensees had been settled prior to this court case.
Read 5993 times
Rate this item
(0 votes)
More in this category: « Half Of Consumers To File Online Weak Economy, But Smooth Tax Season »
The Progressive Accountant

Latest from The Progressive Accountant

Visit other PMG Sites:
Template Settings
Theme

Color

For each color, the params below will give default values
Tomato Green Blue Cyan Dark_Red Dark_Blue

Body

Background Color
Link Color
Text Color

Header

Background Color
Background Image
pattern1 pattern2 pattern3 pattern4 pattern5

Footer

Background Color
Background Image
pattern1 pattern2 pattern3 pattern4 pattern5
Layout
Select layout
Menu
Select menu
Typography
Google Font
Body Font-size
Body Font-family
Direction
Reset