Cantor Fitzgerald and BGC Financial Found to Be in Breach of Contract

Posted on January 7th, 2015 at 11:22 AM
Cantor Fitzgerald and BGC Financial Found to Be in Breach of Contract

From the Desk of Jim Eccleston at Eccleston Law Offices:

A FINRA arbitration panel ordered Cantor Fitzgerald & Co and BGC Financial LP to jointly pay about $1 million in damages to a former employee for breach of contract. The ex-employee alleged that Cantor Fitzgerald and BGC Financial failed to pay him agreed-upon amounts.

In addition, the FINRA panel found that the two companies breached  employment agreement by substantially changing its terms when it closed floor operations of the Chicago futures division and failed to provide a reasonable substitute.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: FINRA, Cantor Fitzgerald, BGC Financial, breach of contract

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