Employment claims brought by securities industry participants involve issues unique to the securities industry. Having represented broker-dealers and registered representatives, we have substantial experience with both sides of these disputes and have prosecuted or defended claims for Form U5 expungement, unpaid deferred compensation (including Restricted Stock Units), enforcement of employee forgivable loans (EFL), broker-dealer raiding, unpaid bonuses or commissions, and wrongful termination.
Over the past five years, Robert Herskovits has successfully prosecuted a significant number of EFL cases brought on behalf of Jefferies & Company, Inc. and smaller broker-dealers. As a small law firm, we remain free from many of the conflicts associated with larger firms, and have defended a multitude of EFL cases brought by various broker-dealers. When defending an EFL case, we structure a defense designed to achieve a resolution with a significant discount to the Note's unpaid balance.
Herskovits Law has expertise in both prosecuting and defending claims for securities industry participants involved in issues in the securities industry. Having represented numerous employees, their reputation for effective advocacy by advancing their clients' interests from the outset of each case has been acknowledged in the New York Securities Industry. See www.herskovitslaw.com.
Thursday, June 14, 2012
Tuesday, June 12, 2012
Court says judges can't decide draft complaint
The Supreme Court says federal employees cannot go to trial judges to complain about their firing for not signing up for the U.S. draft.
The high court ruled Monday that the Civil Service Reform Act took U.S. district courts' jurisdiction away from from judging these types of claims.
Several men lost their jobs in the executive branch for not signing up for Selective Service between the ages of 18 and 26. They sued, but at least two federal appeals courts ruled that they couldn't bring lawsuits straight to court because lawmakers had stripped trial judges of their jurisdiction.
Justice Clarence Thomas wrote a 6-3 decision saying the Merit Selection Protection Board must hear the case. Justices Samuel Alito, Ruth Bader Ginsburg and Elena Kagan dissented.
The high court ruled Monday that the Civil Service Reform Act took U.S. district courts' jurisdiction away from from judging these types of claims.
Several men lost their jobs in the executive branch for not signing up for Selective Service between the ages of 18 and 26. They sued, but at least two federal appeals courts ruled that they couldn't bring lawsuits straight to court because lawmakers had stripped trial judges of their jurisdiction.
Justice Clarence Thomas wrote a 6-3 decision saying the Merit Selection Protection Board must hear the case. Justices Samuel Alito, Ruth Bader Ginsburg and Elena Kagan dissented.
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