THE IAVARONE LAW FIRM RECOVERS PUNITIVE DAMAGES ON CLAIM FOR SEXUAL HARASSMENT
The Iavarone Law Firm successfully prosecuted a claim on behalf of a broker who was denied compensation on her large sale of a private placement. The broker was subjected to a pervasive campaign of sexual harassment to force her to resign from the firm in order to avoid paying her the substantial back-end compensation owed for her sale of one of the firms private placements.
The sexual harassment, as frequently happens, grew out of jealously at the broker’s success and was countenanced by management who wanted the broker to “quit” so that she would forfeit the back-end payout that she had earned on a large placement. In this case, FINRA Arb. No. 06-01261, The Iavarone Law Firm recovered the entire $260,000 in back-end compensation owed the broker plus $200,000 for sexual harassment as well as $80,000 in attorney’s fees.
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