OTHER NEWS - July 19, 1995
Billionaire, Former Aide Settle Dispute: Ronald Perelman reached a surprise settlement with former Chief Financial Officer Fred Tepperman, who said Perelman fired him because he had spent too much time with his ailing wife, court officials said. Perelman countersued, charging Tepperman with breach of contract and accusing him of refusing to return company credit cards and a Mercedes-Benz, among other items. Details of the settlement were sealed by Westchester County, N.Y., Supreme Court Judge Samuel Fredman, a court clerk said. Tepperman had filed a $30-million wrongful-termination suit against his former boss after he lost his $1-million-a-year job at Perelman’s holding company, MacAndrews & Forbes, in December, 1991. Attorneys in the case and a spokesman for Perelman would not comment, citing a gag order.
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