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Halpern, Lyons and McCall v. ING Baring (U.S.) - 11/11/1999

Award Amount- $298,154.00

Case Summary: On November 11, 1999 a NYSE arbitration panel awarded our clients a total of $298,154.76 in bonus compensation, $150,000.00 in attorneys’ fees and assessed forum fees of $17,200.00 against ING. Our clients were junior salespeople and traders at ING, and were fired in February 1998 in a downsizing along with a number of other employees, the day before bonuses were to be paid for their work during 1997. The arbitration panel rejected ING’s defense that bonuses were discretionary, and concluded that each of our clients was entitled to a bonus and interest from the date bonuses should have been paid up through the date of the award.

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


Web Info(URL) www.nyse.com/pdfs/1998-007179.pdf




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