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Robert Walton and Scott Hermo v. Nomura Securities International, Inc. and Alex Noujaim - 1/14/2004

Award Amount- $661,800.00

Case Summary: On January 14, 2004, after 11 days of arbitration hearings, a panel of three arbitrators from the NASD awarded $381,250 to Robert Walton and $280,550 to Scott Hermo in unpaid bonus compensation and salary on their claims against Nomura, for a total of $661,880. The panel also awarded pre-award interest on those amounts at New York's statutory rate of nine percent from the times the amounts were due. Mr. Walton received $98,748.79 in interest and Mr. Hermo received $74,926.33 in interest. Mr. Walton was employed by Nomura as the head of the agency trading desk, and Mr. Hermo was trader on that desk. They had asserted claims against Nomura for breach of contract, among other things. The arbitration panel denied Nomura's counterclaims against Mr. Walton and Mr. Hermo.

Lawyer(s):
Jeffrey L. Liddle
Michael E. Grenert




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