Liberty Tax Inc. directors agreed to beef-up the company’s sexual-harassment policies to settle a lawsuit alleging founder John Hewitt routinely had sex in his office and showed favoritism to female employees with whom he’d had romantic relationships.
The tax preparer’s board changed its corporate-governance policies to make it a firing offense to violate the new harassment policies, which include a provision to claw back bonuses from offenders, according to a filing March 15 in a Delaware state court.
Hewitt, who founded Liberty Tax in 1997, stepped down as chairman in July and agreed to sell his controlling stake after the ...
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