Here’s one for your ridiculous-litigation folder.
FORMER STERLING BANK CEO SUING FOR WRONGFUL TERMINATION
SPOKANE–The former CEO of Sterling Bank is filing a wrongful termination lawsuit for nearly $8 million. Heidi Stanley says she was fired for being a woman and having breast cancer.
Heidi Stanley started at Sterling Savings bank in 1985, working her way to CEO.
In 2009, Stanley was fired along with another bank leader, supposedly for the financial trouble the bank was in.
I’ll say this, the ex-CEO suing Sterling, Heidi Stanley, doesn’t lack for chutzpah. If you’re wondering whether her suit against the company might be without merit, trust me, it’s a crock, in my view. On the day Sterling fired Stanley in 2009 (the regulators delivered a cease-and-desist letter the very same day) the company was at death’s door, the result of years of brainless real estate lending. Heidi Stanley had been CEO of Sterling Bank since the start of 2008 and COO since 2003. She was also a director of the company’s mortgage lending unit. Under her management, Sterling became a walking zombie. It is a miracle the company even survived.
And now Stanley says she was fired because she was sick and is a woman? Ridiculous. This is the kind of things that makes you want a court system where the loser pays the costs. . . . .