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Christopher Galati v. Deutsche Bank Securities, Inc. - 9/8/2004

Award Amount- $41,660.00

Case Summary: Mr. Galati worked as a vice president on Deutsche Bank's Asian sales desk from February 2002 through March 2003. For his work in 2002, Deutsche Bank paid him essentially no bonus compensation, claiming his performance was poor. After a four-day arbitration before a three-person arbitration panel at the New York Stock Exchange, the panel issued a decision finding that under Mr. Galati, Deutsche Bank's Taiwan business increased to $1.5 million in 2001 and claimant was instrumental in the successful Powerchip offering which fees credited to his group. His bonus for 2002 did not reflect these achievements. Accordingly, the panel awarded Mr. Galati bonus compensation for 2002 in the amount of $41,660, which made Mr. Galati the highest paid vice president on the sales desk in 2002.


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