Liddle & Robinson Attorneys at Law New York City


On June 4, 2009, L&R won a FINRA arbitration award of $2,925,268.80 against RBS Greenwich Capital, on behalf of a proprietary trader. The claim was based on RBS’s breach of contract, after it breached its promise to pay the trader a certain percentage of his trading profits. In addition to the base award of $1,462,634.40, the arbitrators doubled the amount owed under the Connecticut Wage Act, Conn. Gen. Stat. sec. 31-72, because RBS acted either in bad faith, unreasonably or arbitrarily in failing to pay him his earned bonus. (Lichtman v. RBS Greenwich Capital; FINRA DR # 08-000732)

Lawyer(s): Jeffrey L. Liddle

Web Info (URL): www.liddlerobinson.com/docs/4808_001.pdf




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