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William Kelly and Michael Newcomb v. Dean Witter Reynolds Inc. - 9/28/1989

Award Amount- $670,184.00

Case Summary: Our clients served as high-yield salesmen at Dean Witter, and sued for unpaid bonus compensation. A NYSE arbitration panel ordered Dean Witter to pay Mr. Kelly $404,294 and Mr. Newcomb $196,785, for a total of $601,079 in addition to $69,105.16 in attorneys’ fees and costs. The panel also assessed all forum fees of $16,000 against Dean Witter, and also dismissed Dean Witter’s counterclaim against Mr. Kelly for return of compensation from 1987.

Lawyer(s):
Jeffrey L. Liddle

Web Info(URL) www.liddlerobinson.com/pdf/KellyNewcombVDeanWitter.pdf