Richard D. Panza and William F. Kolis, Jr., two of Ohio’s premier legal practitioners, have successfully obtained reinstatement for their client, Jacob “Jack” Falfas, to his position as Chief Operating Officer for Cedar Fair Entertainment Company. Cedar Fair (NYSE: FUN) is a publicly traded partnership headquartered in Sandusky, Ohio, and one of the largest regional amusement-resort operators in the world. The Company owns and operates 11 amusement parks, four outdoor water parks, one indoor water park and five hotels.
The decision of the 6th District Court of Appeals reverses the ruling of the Trial Court and affirms the holding of the panel of Arbitrators who held that Mr. Falfas’s contract had been breached by the Company and ordered him reinstated. In addition to reinstatement as Chief Operations Officer, the Court of Appeals also affirmed the Trial Court and Arbitration panel’s award of back pay and benefits to Mr. Falfas.