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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tmohamed@insider.com (Theron Mohamed), Business Insider
Thu, 04/18/2024 - 3:39am
Topics: epic cure/shutterstockjefferies bloomberg swiss banco santander spanish ubs jefferies wall street dean decker credit suisse california decker business insider firm million fee banker judges rule offer break-up court backed clause included letter inserted appeals payment received party join paycheck promotion time employer
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