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Jonathan D. Zames v. Deutsche Bank Securities, Inc. - 3/17/2005

Award Amount- $1,076,250.00

Case Summary: Our client, Jonathan D. Zames, traded mortgage-backed securities for Deutsche Bank. Deutsche Bank terminated Mr. Zames's employment without paying him his bonus guarantee for 2002. Deustche Bank argued that Mr. Zames was fired "for cause" and thus did not have to pay him the guaranteed amount. On March 17, 2005, after a seven-day hearing, a NYSE arbitration panel disagreed with Deutsche Bank and awarded Mr. Zames $1,072,250.00, representing the amount of money Deutsche Bank owed him under his contract. On August 3, 2005, the New York State Supreme Court confirmed the award and denied Deutsche Bank's appeal to vacate the award. The Court concluded that the arbitrators acted appropriately in making their award.

Lawyer(s):
Jeffrey L. Liddle


Web Info(URL) www.nyse.com/pdfs/2003-014480.pdf




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