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HAMPTON ROADS BANKSHARES v. HARVARD

Record No. 150323.

781 S.E.2d 172 (2016)

HAMPTON ROADS BANKSHARES, INC., et al. v. Scott C. HARVARD.

Supreme Court of Virginia.

January 14, 2016.

Attorney(s) appearing for the Case

Scott W. Kezman (Kaufman & Canoles, on brief), Norfolk, for appellants.

William H. Shewmake ( Charles M. Sims ; John "Jack" M. Robb, III ; LeClairRyan, on brief), Richmond, for appellee.

Amicus Curiae: United States; Alisa B. Klein ( William E. Havemann , on brief), in support of appellants.

Present: All the Justices.

In this appeal, we consider whether a financial institution participating in the federal Troubled Assets Relief Program ("TARP") can assert the federal prohibition on "golden parachute payments" as a defense to a breach of contract action brought by one of its former senior executive officers, and whether said...

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