Terminated Employees and Unpaid Bonuses * New Hot Story

by: David Rich

TERMINATED INVESTMENT BANKERS AND FINANCIAL SERVICES EMPLOYEES MAY BE ENTITLED TO RECOVER THEIR UNPAID BONUSES, DESPITE EMPLOYMENT-RELATED DOCUMENTS WHICH RENDER SUCH BONUSES “DISCRETIONARY” OR WHICH RESTRICT BONUSES TO ACTIVE EMPLOYEES - By David S. Rich* * David S. Rich < drich@laxneville.com > is a partner of the law firm of Lax & Neville, LLP in New York City. Mr. Rich litigates commercial, employment, and securities matters in federal and state courts, and arbitrates such matters before FINRA and other arbitral bodies.

On the back of the U.S. dollar it says:  “In God We Trust”.

For far-sighted and risk averse investors however, increasingly it is: "In Gold We Trust".

This is a difficult time for just about every company and organization in the world. Almost all companies are seeing less business. Almost all organizations, whether profit-seeking or not, are under budget pressure. Almost all are cutting costs. And in most cases that means cutting people. That means the crisis is also difficult for employees and individuals the world over. ...[ Read More ]

2008 was another exciting year for China’s futures industry.  Having grown 87 percent from the previous year, total volume on the three exchanges in Dalian, Shanghai, and Zhengzhou reached 1.36 billion contracts, which translated into more than 5.5 million contracts a trading day.  ...[ Read More ]

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Is this title a possible description of what the past few years have brought and what will happen in the future? Financial managers need to make sure that they and regulators do not fall victim to the oldest trick in the book – excess in one direction followed by an equal and opposite excess, in the other. ...[ Read More ]