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Yaquinto, CUC agree to dismiss claims, counterclaims
Former Commonwealth Utilities Corp. chief financial officer Matthew J. Yaquinto and CUC have agreed to dismiss all their claims and counterclaims that they have asserted against each other.
CUC, through counsel James S. Sirok, and Yaquinto, through counsel Joseph E. Horey, notified yesterday the U.S. District Court for the NMI about their agreement for dismissal with prejudice.
Dismiss with prejudice means the parties can no longer re-file their claims and counterclaims.
Yaquinto and CUC have agreed to bear his or its own attorneys’ fees and court costs.
Last September, U.S. District Court for the NMI Chief Judge Ramona Manglona set the matter for an early settlement conference to Jan. 22, 2019 before Magistrate Judge Heather L. Kennedy.
Yaquinto filed in December 2017 a discrimination lawsuit against CUC and five unnamed co-defendants over his termination as chief financial officer in May 2016 allegedly without cause and without the authority to do so.
CUC then filed a counterclaim against Yaquinto for alleged unauthorized overtime pay, unauthorized wire transfers, and unsupported moving expenses.
CUC asked the court to hold Yaquinto liable to pay back the $49,399 in unauthorized overtime payments, damages representing wire transfer costs, $10,000 in moving expenses, as well as court costs, expert fees, and attorney’s fees.
