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George Schott and Michael Basham v. Smith Barney Shearson - 2/19/1998

Award Amount- $449,720.00

Case Summary: George Schott and Michael Basham served as senior managers in Smith Barney’s International Capital Markets Division. Despite their demonstrating outstanding leadership skills in managing the department and negotiating profitable alliance and joint ventures, Smith Barney terminated their employment and failed to pay them bonuses and appropriate severance compensation. Following 18 days of hearings, an NASD arbitration panel awarded them a total of $449,720.29, plus interest. The panel also assessed Smith Barney $29,850.00 in forum fees.

Lawyer(s):
Jeffrey L. Liddle
Ethan A. Brecher

Web Info(URL) www.liddlerobinson.com/pdf/9503121.pdf