Departure of ATA exec still cloudy: Chief financial officer alleged termination was retaliation

When ATA Holdings Corp.'s chief financial officer "left the company" last June, as management ambiguously put it, many suspected the insider saw bankruptcy looming and wanted to bail out before the crash. David M. Wing, 53, may have seen something else that troubled him, suggests ATA's most recent financial report filed with the Securities and Exchange Commission. "Wing contends that he was terminated in retaliation for exercising his rights and obligations under the Sarbanes-Oxley Act," states a settlement agreement Wing...

 

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