CMG Holdings Group Inc (CMGO)

[PlayMoneyBS]

$CMGO is now out $565,000 (plus interest since July 2014) on $0 revenues.

Under the terms of his employment agreement, Burkhardt was entitled to $250,000 in salary for 2015 and 2016, plus prorated salary for 2014 and a transportation allowance of $30,000 ($1,000 for each month of employment), so long as he was not reemployed. At trial Burkhardt credibly testified that he had not been reemployed, thus he claimed total damages of $565,000.00. I find that damages of $565,000.00 is supported by the terms of Burkhardt's employment agreement and by the evidence submitted at trial.

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