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Robert J. Lebenson v. Salomon Smith Barney, Inc. - 5/24/2002

Award Amount- $110,600.00

Case Summary: On May 28, 2002, a NYSE arbitration panel awarded our client, Robert J. Lebenson, $30,600 in actual damages and $80,000 in attorneys' fees against Salomon Smith Barney (SSB) in connection with his defamation claim. In addition to awarding damages, the arbitrators ordered that defamatory information Salomon Smith Barney had placed on Mr. Lebenson's Form U-5 be expunged. Salomon Smith Barney induced Mr. Lebenson to leave his prior job and transfer his lucrative retail brokerage business to SSB. After Mr. Lebenson joined SSB, SSB botched the transfer of Mr. Lebenson's clients' accounts. Four months later, SSB abruptly fired Mr. Lebenson and filed false and defamatory statements on his Form U-5.

Lawyer(s):
Jeffrey L. Liddle

Web Info(URL) www.nyse.com/pdfs/1999-007633.pdf