News Releases

Bear attempts to put departing reps on hiatus; 'Garden leave' provisions have left brokers on the sidelines
Bear Stearns & Co. Inc. wants departing brokers to take a vacation. The New York-based firm has filed suit against several brokers who left in the wake of its near-collapse last month. Bear Stearns is attempting to enforce noncompete and confidentiality agreements.

Bear Stearns Collapse Turns New Hires Into Job Seekers
Thousands of people are losing their jobs on Wall Street -- some before their first day of work. They polished resumes; they sweated interviews; they landed dream jobs. But now a small group of college and business school students are discovering that their careers at Bear Stearns ended before they began. JPMorgan Chase, which bought the beleaguered investment bank last month, rescinded many of their job offers.

Life Is Not Exactly Nirvana for Buddha Bar Employees
According to legal papers filed last week, meatpacking district restaurant-lounge Buddha Bar hasn’t exactly been following the Noble Eightfold Path when it comes to its pay policies.

Meatpacking District Hot Spot Buddha-Bar NYC
Meatpacking District Hot Spot Budd-ha Bar NYC was slapped with a lawsuit last week alleging that it does not pay the minimum wage and overtime and that it misappropriates gratuities.

NYC eatery sued by employees over wages
NEW YORK (March 12, 2008) Nine employees of Buddha Bar here filed a federal lawsuit Wednesday alleging the upscale French-Asian restaurant failed to pay minimum and overtime wages, and misappropriated tips, service charges and mandatory customer gratuities.