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September 11, 2009 at 08:00 PM
A court hearing on a disputed leadership post at the American Academy of Actuaries has been continued until Tuesday.
Bruce Schobel, who had until recently been president-elect of the AAA, Washington, brought the case in the U.S. District Court in Washington. He is seeking an injunction against the AAA board, to block its decision to remove him from the president-elect post. He also is seeking an award of more than $2 million. Schobel is alleging that he was removed illegally and defamed by the board.
The AAA board voted Aug. 5 to oust Schobel as president-elect without initially informing its members of the decision. Schobel was originally set to take over as president of the organization Oct. 26.
According to papers filed in that case, the majority of the board voted to remove Schobel at the request of 19 former AAA presidents, who had petitioned the board for Schobel’s removal in an e-mail sent to board members July 9. That message expressed reservations about Schobel’s suitability as president.
In the Aug. 5 vote, 17 of 29 board members voted to remove Schobel as president of the group and 9 were opposed, while 1 abstained and 2 were not present, according to sources.
