WASHINGTON -- The American International Automobile Dealers Association and its former president, Walter Huizenga, have settled a lawsuit over his 2003 departure.
The main unresolved issue was whether AIADA had complied with federal retirement security law when it let Huizenga's contract expire on March 31, 2003.
Details were not disclosed, but Kevin Rynbrandt, Huizenga's lawyer, said Friday, "We are very pleased with the outcome."
A federal court in Alexandria, Va., had ruled Huizenga was entitled to $662,000 of deferred compensation but rejected his claims that he had been illegally demoted and dismissed. AIADA Chairman Don Hicks said the court confirmed AIADA had kept its contractual commitments to Huizenga.