Were you denied your annual bonus? If you met performance expectations and your employer failed to pay your bonus, you may still be legally entitled to receive this compensation. This is particularly true if your bonus was a substantial part of your annual pay and was withheld for arbitrary or improper reasons.
The financial industry’s unique rules for managing compensation disputes are enforced in private arbitration where fairness, rather than a strict application of the law, is prioritized. This means financial industry employees have more opportunity for monetary recovery in the event of a compensation or bonus dispute with their employer.
Toward that end, you need immediate access to employment attorneys who know their way around Wall Street and the special employment dispute rules applicable to only the financial industry. The litigators in at our firm have extensive experience in this area, including settling bonus disputes on behalf of Managing Directors, Directors, Vice Presidents, Associates, Analysts, Accountants, and many other financial industry employees.
If you work in the Financial Industry, odds are your compensation is largely discretionary and based on your performance, that of your desk or group, or both. However, Wall Street employers often insist that bonuses are discretionary when they are not. Further, even if a bonus is truly discretionary, employers may exercise discretion in favor of payment when verbal reassurances are made by managers that a bonus will be paid. If you were terminated during the calendar year and denied a year-end bonus, you may have legal recourse, possibly even a part-year bonus.
Legal Recourse for Financial Industry Employees
Our firm is prepared to advocate for you and fight for what you are entitled to receive as part of your compensation. Call us today and let us know how we can best partner with you to develop a working resolution that is specific to your needs.