A judge has upheld an arbitrator's ruling that Compuware must pay $16.5 million to the company's co-founder and longtime CEO after he was fired in 2013 from a consulting job.
The Detroit Free Press reports (http://on.freep.com/1zVF42r ) Wayne County Circuit Court Judge Daniel Ryan ruled Monday in the case involving Peter Karmanos Jr., who was stripped of vested stock options with the software and services business.
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Ryan ruled that Compuware had no basis to second-guess, modify or vacate arbitrator Gene Esshaki's decision in February to award the money to Karmanos.
Compuware could appeal again to a higher court. The company's attorney Samuel Damren declined comment to the newspaper after Ryan's ruling.
E. Powell Miller, one of Karmanos' attorneys, says a further appeal would be frivolous.
Information from: Detroit Free Press, http://www.freep.com