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Highmark reaches out-of-court settlement with ex-CEO over his termination

Highmark Inc.reached an out-of-court settlement with its former CEO Kenneth Melani over Melani's termination in 2012, ThePittsburgh Tribune-Review reported March 29, citing court documents filed inAllegheny County Common Pleas Court that indicated the case was resolved.

Melani had filed a $32 million lawsuit against Highmark allegingwrongful termination, according to the report. Melani was terminated following afight with the husband of a woman he was allegedly having a relationship with.

The matter was resolved to the mutual satisfaction of both parties,the news outlet reported, citing an email from a spokesman for Highmark. The termsof the settlement were not disclosed, the news outlet said.

Melani reportedly told the news outlet that he runs a privateequity company in Pittsburgh.