Power Design, former CEO settle legal battle
February 20, 2025 - The founders of St. Petersburg-based Power Design have reached an out-of-court settlement with former CEO Frank Musolino. Mitch and Dana Permuy and Musolino, who led the company from 2020 until 2023, filed a joint agreement to dismiss the case in Hillsborough County in late January. Musolino will now receive a multimillion-dollar payor for his 5% ownership stake in Power Design.