Beryl
Beryl v. Navient Corporation
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA San Francisco Division LOUIS BERYL, Case No. 20-cv-05920-LB
Plaintiff, ORDER GRANTING ATTORNEY’S
FEES AND COSTS
v. Re: ECF No. 114 NAVIENT CORPORATION, et al., Defendants. 16 INTRODUCTION Defendant Navient Corporation acquired Plaintiff Louis Beryl’s online student-lending company called Earnest, Inc. for $155 million and hired Mr. Beryl and his team to run a new Navient entity called Earnest LLC. After several months, Navient fired Mr. Beryl, who sued for breach of his employment contract and benefits under an executive-severance plan. A jury found for Mr. Beryl on his contract and estoppel claims and awarded him damages: a $400,000 severance, a $400,000 bonus, $1 million in Restricted Stock Units, and $1.3 million in Performance Cash Units (reduced by the court to $350,000).1 The court awarded him $920,666.33 for benefits due under the ERISA executive-severance plan and…