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Richard Pedde v. ABN AMRO Inc. - 5/25/2005

Award Amount- $720,500.00

Case Summary: Richard Pedde, who ABN AMRO hired in 2001 to serve as its Global Head of Sub-Investment Grade Credit Trading based in New York, sued the firm for breaching his employment contract. On May 25, 2005, a NYSE arbitration panel found that ABN AMRO had breached the contract and directed the firm to pay him $633,000 as promised under his contract, plus nine percent interest on his claim. Further, the panel found that ABN AMRO owed Mr. Pedde $87,500 in severance pay, plus nine percent interest.

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