Athenex ordered to pay $635K to former employee

BUFFALO, N.Y. (WIVB) — Buffalo pharmaceutical company Athenex has been ordered to pay a former employee over $635,000, ending a six-year battle in court.

Gross Shuman PC Attorneys, the firm that represents former employee Stephen Panero, said that the jury found that the company improperly withheld a $72,000 bonus owed to Panero in 2017 for the 2016 fiscal year.

Athenex disputed this claim and responded with a countersuit, seeking $500,000 in damages.

In the final ruling, which occurred last week, the jury ordered the company to pay Panero the $72,000, plus $35,000 in interest. He was also awarded more than $200,000 after it was found that Athenex terminated him without cause, as well as an additional more than $300,000 in legal fees. The final total was $635,029.41.

Latest Posts

Families must apply for free or reduced school meals
State Democrat Chair talks NY-23, November general elections
Athenex ordered to pay $635K to former employee
Which electric vehicles qualify for the $7,500 tax credit?
Peloton equipment and apparel to be sold on Amazon

Aidan Joly joined the News 4 staff in 2022. He is a graduate of Canisius College. You can see more of his work here.

Leave a Reply

Your email address will not be published.

fifteen − 4 =