Law Office of Ethan A. Brecher, LLC

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Connecticut Superior Court Allows Complex Commercial Dispute to Proceed

Posted by on Dec 20, 2018 in Uncategorized |

On December 18, 2018, the Connecticut Superior Court permitted most of the claims to proceed in the case Baxt v. Smith et al., a complex commercial dispute involving among other things allegations of misconduct by the defendants in denying compensation to the plaintiff in connection with a business venture formed to acquire aircraft servicing businesses. The Law Office of Ethan A. Brecher, LLC represents the plaintiff in the lawsuit.   Baxt v Smith Dec 18 2018...

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FINRA Panel Awards $4+ Million on Wrongful Termination Claim

Posted by on Mar 1, 2018 in Uncategorized |

On February 28, 2018, a FINRA arbitration Panel in Miami, Florida awarded $4+ million to a client of Law Office of Ethan A. Brecher, LLC on claims of wrongful termination and failure to pay deferred compensation and commissions. The Panel also ordered that the client, a former broker for Citi in Miami, was entitled to have the language that Citi used on his Form U-5 as the reason for his termination expunged and replaced with a statement that he was “Terminated without cause.” Final Award 16-01001 Christian Silvalima Gherardi vs. Citigroup Global. A well-known FINRA arbitration blogger had this to say about the decision: “When a former Citigroup Global Markets employee hits the firm with a FINRA Arbitration demand for over $16.5 million in damages, we know that there was likely a lot of bad blood engendered by what was alleged to be a wrongful termination. By the time the arbitration ended, there was quite a bit of blood pouring out of Citigroup as the firm took quite a beating before the final bell rang. ”  ...

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Federal Court Allows Claim for Payment of Options to Proceed Against Large Defense Contractor

Posted by on Feb 6, 2018 in Uncategorized |

On February 1, 2018, the United State District Court for the Eastern District of New York held that Data Device Corporation (DDC) (a defense contractor on Long Island) could not avoid a claim for breach of contract (and related claims) brought by Law Office of Ethan A. Brecher, LLC’s client Charles Frazer. Mr. Frazer asserted in his amended complaint that DDC breached its promise to pay him up to 200,000 stock options, worth at least $800,000.  DDC made a motion to dismiss, and the Court denied the motion as to the contract-based claims and directed the parties to proceed to discovery.  Frazer v. Data Device Corporation, 16-cv-06510-JFB-AYS....

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