Liddle & Robinson Attorneys at Law New York City

On November 15, 2011, L&R won a FINRA arbitration award of $666,862.61 ($507,119.86 plus interest at 9% for 3.5 years) against CIBC World Markets Corp., on behalf of John F. Burke, Jr. Mr. Burke retired from CIBC as a Managing Director and Head of Loan Sales and Trading after working at CIBC for 24 years. Prior to Mr. Burke’s retirement, CIBC promised him that it would grant his application to permit his unvested restricted stock to continue to vest after his retirement. After Mr. Burke’s retirement, however, CIBC denied Mr. Burke’s application and cancelled a portion of his unvested restricted stock. The arbitration panel awarded Mr. Burke damages for the value of this stock, plus interest.
(Burke v. CIBC; FINRA DR # 10-01810)

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