Former Credit Suisse Advisor Prevails in Deferred Compensation Claim
From the Desk of Jim Eccleston at Eccleston Law:
A former Credit Suisse advisor has prevailed on a $2.2 million arbitration claim after alleging that the firm improperly withheld his deferred compensation when it discontinued its U.S. brokerage business in 2015.
The award includes $1.65 million in compensatory damages, $500,000 in attorney fees, and $20,000 in discovery-abuse sanctions against Credit Suisse. The arbitrators additionally denied Credit Suisse’s counterclaim, which sought to compel the advisor to repay $541,707 on a promissory note.
Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.
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