With its latest victory, the law firm of Outten & Golden LLP has built an impressive track record of forcing prominent banks to pay substantial awards in high-stakes litigation cases.
In just the last two multiple-employee arbitration cases handled by O&G, the firm recovered about $100 million for its clients. Both cases are among the highest awards achieved in employment-related arbitrations.
The O&G team in the most recent multiple-employee case was led by Laurence Moy, with Wayne Outten and Tammy Marzigliano, achieving an award in excess of $71 million for 20 employees. Mr. Outten and Mr. Moy also led the successful trial team in the previous arbitration case, in which financial services giant Deutsche Bank was ordered to pay more than $19 million in damages, interest, fees, and expenses to two former employees.
These two awards illustrate the success that O&G has achieved in high-stakes cases. Other cases include O&G’s recovery in 2004 of more than $12 million for its client in a gender discrimination and retaliation case commenced by Allison Schieffelin and the Equal Employment Opportunity Commission against Morgan Stanley – with the entire settlement totaling $54 million; the litigation team, led by Wayne Outten, represented Ms. Schieffelin. In 2010, Mr. Moy led an O&G team to a victory on behalf of a claimant against BNP Paribas, winning an arbitration award expunging damaging language from the employee’s Form U-5 securities filing and granting more than $900,000 in damages plus interest. Also in 2010, Mr. Moy and his colleagues won $715,000 plus interest for their client in a FINRA arbitration case against Barclays.
In addition, O&G has handled and is handling numerous discrimination class actions against financial services companies and other companies.
Outten & Golden’s Securities & Financial Services Practice Group is dedicated to representing clients employed in the industry — in commercial and retail banking, institutional and retail sales, trading, research, investment banking, and asset management.
That practice group is led by Laurence Moy and Tammy Marzigliano, both experienced litigators. For the last six years, Mr. Moy has been selected by his peers as one of the New York Area’s Best Lawyers, as featured in New York Magazine, and as one of New York’s Super Lawyers – Manhattan Edition. The Asian American Business Development Center named Mr. Moy one of the 2007 Outstanding 50 Asian Americans in Business. In 2010, Mr. Moy was elected as a Fellow to the College of Labor & Employment Lawyers. Ms. Marzigliano serves as the Chair on the Employment Rights Executive Board of the Employment and Labor Relations Law Committee of the American Association for Justice (AAJ). Ms. Marzigliano is also a frequent panelist on employment law matters and regularly collaborates with women’s advocacy organizations on employment rights in the workplace.