New Cases

Employment Cases

• We represent Wall Street and other employees in sexual harassment and employment discrimination (sex, age, race, disability) claims against their current and former employers. New securities rules allow these cases to be brought in a court as opposed to an arbitration forum.
• We are representing former traders and brokers against their former employers for failure to pay bonuses earned during the term of their employment.
• We are currently representing employees in claims for "fraudulent inducement" of their employment relationships. In these cases, the employees claim that their employers made false promises regarding the nature of the work which they were hired to do.
• Form U-5 defamation - we represent employees in claims against their former securities brokerage firm employers for making false and defamatory statements on a "Form U-5" filed by the firm with the Industry. A brokerage firm is required to file a Form U-5 whenever an employee leaves the firm which discloses the circumstances surrounding the termination. If false and defamatory statements are made on the Form U-5 regarding the employee, the employee may have a claim for libel and defamation.
• We represented the successful plaintiff in the recent landmark U-5 defamation case entitled Acciardo v. Millennium in which the Federal Court found that New York law may provide only a "qualified" as opposed to "absolute" privilege for statements made on a Form U-5. The Court also confirmed an arbitration award which awarded substantial compensatory and punitive damages against the employer for Form U-5 defamation.
• "Raiding" cases - we have represented brokers and branch offices in disputes against their former firms for "raiding" the office of their brokers and customers and taking the "goodwill" of the office.
• We have represented customers against their on-line brokers for failing to give best execution of orders; improper "margin" calls or for "hyping" stocks on-line.