Liddle & Robinson Attorneys at Law New York City


On February 16, 2009, Doug Shaw was awarded $1.2 million for his claims of wrongful termination and defamation, by an arbitration panel of the New York Stock Exchange.

Mr. Shaw, a 20-year veteran of Salomon Smith Barney (SSB), had been a top Financial Advisor at the firms Greenwich, Connecticut branch office until his departure on September 1, 2005. On September 9, 2005, SSB filed a Form U-5 for Shaw, stating that we was Permitted to resign and disclosed that the reason was manager discretion  non-sales practice. Mr. Shaw alleged that SSB wrongfully terminated his employment and filed a false U-5 with the specific intent of keeping his assets under management with the firm.

Throughout the arbitration hearings, SSB unsuccessfully argued that Mr. Shaw was an employee at will and therefore could be terminated without just cause. Additionally, Respondent unsuccessfully tried to establish that there was just cause in terminating Mr. Shaw because he supposedly failed to disclose certain information about several clients.
Jeffrey L. Liddle, Esq. of Liddle & Robinson, L.L.P. in New York City, represent Mr. Shaw.

Lawyer(s): Jeffrey L. Liddle

Related Industry: Finance




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