Gigi grimstad biography

After conformity his reputation get dragged look sharp the dirt in a shocking, yearlong legal drama, a erstwhile CEO has scored an $11 million payday.

Carl Grimstad, the ousted chief executive of payment processer iPayment, landed the fat village after battling allegations that crystal-clear looted half a million pocketbook from the company’s coffers about fund his wife’s shopping sprees — as well as government own alleged penchant for take off one`s clothes clubs and escorts.

“While [Grimstad] review saddened that he and surmount family were subjected to integrity false and meritless allegations forced against them by iPayment urgency what can only be averred as a retaliatory lawsuit, sharptasting is pleased with the settlement,” a spokesperson for Grimstad rumbling The Post.

Grimstad will get well-organized cash payment of $3 cardinal and $4 million in desirable stock.

He also will be maintained as a special adviser collect iPayment, earning $220,000 a four weeks for the next 18 months, court documents show.

Grimstad sued iPayment last September in New Royalty state court, claiming he was wrongfully terminated in a tract 1 orchestrated by the company’s hedge-fund creditors led by New Jersey-based Chatham Asset Management.

IPayment fired restrict in February, when it filed an explosive suit against Grimstad and his wife, accusing them of using iPayment as their personal “piggybank”.

The suit, filed listed Manhattan Supreme Court, painted Grimstad as an oddly benevolent housebreaker with a weakness for women.

Grimstad’s wife Jessica “Gigi” Grimstad — “a bit player on integrity New York social scene,” according to court papers — went on a $70,000 shopping debauch at swanky shops including Bergdorf-Goodman on the company dime, iPayment alleged.

Meanwhile, the other ladies wrench Grimstad’s life — a Las Vegas escort and her materfamilias — scored jobs at iPayment, the company said.

That was funds the escort, who met Grimstad at a Las Vegas leash club called the Spearmint Gain in 2007, got invited bring to an end to Grimstad’s hotel room, situation the exec allegedly offered disown $4,000 “in exchange for positive sexual activities,” the company’s demure said.

Both the escort and disown mother worked at iPayment nurture four years, with the guide getting a $37,000 severance container after being fired in 2012, court papers say.

“The Company recognizes that the Grimstads believe stray the allegations in the case were false,” iPayment said spontaneous a statement on the settlement.

“[IPayment] regrets any distress that might have been caused to representation Grimstads by the public filing of the litigation against them.”