THE IAVARONE LAW FIRM RECOVERS UNPAID COMPENSATION FOR UBS BROKERS IN CLASS ACTION LAWSUIT
The Iavarone Law Firm successfully filed suit in the Federal District in Chicago, Illinois to recover underpayment of commissions earned by UBS brokers who sold auction rate securities over a seven-year period. The underpayment resulted from a computer glitch that used yearly formulas that erroneously calculated the commissions when auction rate securities had a life-span of from only one to four weeks. The case had one of the highest “‘op-in” rates for class actions in federal court in Chicago, meaning that most of the brokers who received notice received compensation from the settlement.
Underpayment is just one method used to deny brokers their compensation. Nick has represented a number of brokers who were “let go” just before the annual bonus was due to be paid or just before a significant piece of business that the broker was instrumental in obtaining, closed.
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Click On The Book Cover To Read An Excerpt About Nick’s Prosecution Of A Notorious Mob Hit Man
“With Harry under indictment for murder, rumors were rife that outfit bosses had imported a hit squad from California to take out Iavarone . . .”
