The former chief financial officer of Six Flags Entertainment Corp. was awarded $23.65 million for his departure from the company this week.

However, the company is livid over this settlement and already has plans to make an appeal. However, they will treat the costs from this case as a restructuring cost in their bankruptcy case. When Six Flags issued a news release last September, it stated simply that Jeffrey Speed had left "to pursue other opportunities." Now that he has won this case, Speed is not done just yet. He has already filed a claim with the Department of Labor for unknown reasons relating to his discharge.

Speed came on board with the company back when Daniel Snyder, owner of the Washington Redskins, was still chairman of the board. However, when Synder was thrown off the board as Six Flags emerged from bankruptcy protection, Speed left four months later.

The company currently operates 19 theme parks across North America.