Stephen Griggs, the departed chief executive officer of the $14-billion OPTrust pension plan, is suing for wrongful dismissal and seeking more than $2-million he says he's owed in lost compensation.
Mr. Griggs alleges he tried to rein in overspending by the plan's private equity group.
OPTrust is defending itself by alleging, among other things, that the departed CEO was fired for cause, with the reasons including "incompetence."
You can read the story here, but the real nastiness of the fight is clear in the court filings - both Mr. Griggs's statement of claim, and the pension plan's statement of defence. Here they are.