Arbitration Panel Rules for Securities Broker-Dealer and Against Its Former CEO
The plaintiff, the former CEO and chairman of our client company—a securities broker-dealer—had asserted employment-related claims of over one million dollars plus punitive damages against our client. After a week-long arbitration, the panel ruled in favor of our client, with the sole exception of ordering it to pay the plaintiff a bonus that the company had awarded him before his employment was terminated.