Jefferies inserted a $4 million break-up fee in an offer contract and wants it to be paid.Epic Cure/ShutterstockJefferies included a $4 million break-up fee in an offer letter to a banker.The Wall Street bank is demanding payment after Dean Decker stayed with Credit Suisse after signing.A California appeals court is expected to rule shortly on whether the break-up clause was legal.A Wall Street bank inserted a $4 million break-up fee into an offer letter and demanded the payment after the employee backed out.

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BING NEWS:
  • Jefferies Wins Case Against Banker Who Ditched New $10 Million Job
    Jefferies Financial Group Inc. got a win in federal court on Tuesday in its push to collect $4 million from a high-profile investment banker who reneged on his promise to join the firm several years ...
    04/30/2024 - 11:39 am | View Link
  • Jefferies Wins Case Against Banker Who Ditched $10 Million Job
    Jefferies Financial Group Inc. got a win in federal court on Tuesday in its push to collect $4 million from a high-profile investment banker who reneged on his promise to join the firm several years ...
    04/30/2024 - 11:39 am | View Link
  • Wall Street
    Meet some of Wall Street's go-to technology ... as a currency A Wall Street firm wants to collect a $4 million breakup fee from a banker who never started his job. Judges will soon rule if that's ...
    04/22/2024 - 5:33 am | View Link
  • A Wall Street firm wants to collect a $4 million breakup fee from a banker who never started his job. Judges will soon rule if that's legal.
    A Wall Street bank inserted a $4 million break-up fee into an offer letter and demanded ... who's never received a paycheck from your firm, and borders on ransom. "His compensation increased ...
    04/18/2024 - 12:24 pm | View Link
  • A Wall Street firm wants to collect a $4 million breakup fee from a banker who never started his job. Judges will soon rule if that's legal.
    A California appeals court will soon rule on whether Jefferies can demand a $4 million breakup fee from a banker who backed out of working there.
    04/17/2024 - 11:39 pm | View Link
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