LegalJun 17, 2026, 04:56 PM
CN Energy Group Settles Disputes with Former CEO Steven Berman for $25K
AI Summary
CN Energy Group. Inc. and its former Chief Executive Officer, Mr. Steven Berman, entered into a Mutual Settlement Agreement and Release on June 3, 2026. This agreement fully resolves various disputes, claims, and allegations between the parties, including matters related to Mr. Berman’s service and prior complaints. As part of the settlement, the Company agreed to pay $25,000 to Mr. Berman's counsel, and Mr. Berman acknowledged receiving $277,000 during his paid leave of absence. Additionally, Mr. Berman resigned from all positions he held with the Company.
Key Highlights
- CN Energy Group and former CEO Steven Berman entered a Mutual Settlement Agreement and Release on June 3, 2026.
- The agreement resolves all disputes, claims, and allegations between the parties.
- The Company agreed to pay $25,000 to Mr. Berman's counsel as full and final settlement.
- Mr. Berman acknowledged receiving $277,000 from the Company during his paid leave of absence.
- Mr. Berman resigned from all positions with the Company and related parties, effective June 3, 2026.
- The agreement includes broad mutual releases of claims, confidentiality, and non-disparagement provisions.
Price Impact
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