Liddle & Robinson Attorneys at Law New York City

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Elise Balboni, et al. v. C.S. First Boston Corporation - 6/29/1998

Award Amount- $575,000.00

Case Summary: Liddle & Robinson represented 40 bankers from C.S. First Boston’s municipal finance division, who were fired in connection with the closing of that division in 1995. First Boston failed to pay any of these bankers a bonus for their work, even though the department had profits in excess of $7 million. 39 of our clients settled their claims after initiating arbitration proceedings, and one, Mario Marsano, pursued his claims through a complete arbitration hearing. On June 29, 1998, the NYSE arbitration panel hearing his claims awarded him damages of $500,000.00 and also awarded him attorneys’ fees of $75,000.00. The panel assessed forum fees of $18,450.00 against First Boston.

Jeffrey L. Liddle
Marc A. Susswein

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