Tr?id=566623520170033&ev=PageView&noscript=1

Former Credit Suisse Advisor Prevails in Deferred Compensation Claim

Posted on June 23rd, 2022 at 1:21 PM
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.

 
 

Tags: eccleston law, credit suisse, advisor

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

That is just fantastic! Thank you very much!

Julie N.

LATEST NEWS AND ARTICLES

1786980584 Law
August 17, 2026
Federal Judge Allows Investor Class Action Over Lightstone REIT Disclosures to Proceed

A federal judge has allowed investors to proceed with a class-action lawsuit alleging that directors and advisors of three Lightstone Value Plus REITs failed to disclose a significant conflict of interest before shareholders voted on amendments extending the funds' operating periods.

1786734880 Law
August 14, 2026
Cash Sweep Litigation Continues to Drive Legal Costs

Cash sweep litigation continues to increase legal costs for wealth management firms despite the Securities and Exchange Commission's (SEC) decision under the Trump administration to close pending investigations without imposing enforcement penalties, according to AdvisorHub.

1786636784 Law
August 13, 2026
FINRA Orders Centaurus Financial to Pay $1.1 Million Over Variable Annuity Supervision Failures

The Financial Industry Regulatory Authority (FINRA) has ordered Centaurus Financial Inc.