Tuesday Morning Corp reported that its net losses from fourth quarter widened from last year, and the retail chain is pointing the finger at Kathleen Mason.
In June 2012, Tuesday Morning Corp fired Mason reportedly for “extraordinary destruction of shareholder value.” However, earlier this month, Mason filed a lawsuit against her former employers, saying that she was fired because of the expense of her cancer treatment.
The retailer reported a net loss of $2 million, or 5 cents per share. Excluding the cost of Mason’s recent exit from the company, Tuesday Morning Corp’s net loss was $700,000 – about 2 cents per share.
Kathleen Mason is the former CEO of Tuesday Morning Corp, and, along with unspecified damages, she is suing for her old job. She filed with the Equal Employment Opportunity Commission on August 1st.
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