Pilot says he developed app on his own time with $100k of his own money.
A pilot for Delta Airlines is suing his own company for $1 billion, alleging that it stole an app he created.
Captain Craig Alexander, an 11-year veteran who flies 757s, developed a messaging app called QrewLive that facilitated flight crew communications. He says he pitched the app to Delta management, who, after allegedly expressing interest, ultimately turned him down before releasing a similar app of its own.
Alexander says he worked on the project on his own time and spent $100,000...
Some brokerage firms are successfully avoiding Finra arbitration for employment disputes—despite Finra rules to the contrary.
In several recent cases, firms have persuaded courts to uphold contractual provisions to arbitrate at the American Arbitration Association (AAA), a private forum that specializes in business disputes.
Although not a widespread trend, legal observers say the legal tactic by firms raises concerns about eroding Finra’s intended policy of providing an economical dispute-resolution process, and risks burdening registered reps with parallel proceedings. ...
This is a guest post by Tammy Marzigliano, Laurence S. Moy and Piper Hoffman. Moy and Marzigliano are partners at Outten & Golden LLP, a plaintiff-side employment law firm. Hoffman is a writer and former partner at Outten & Golden. She blogs at piperhoffman.com.
If you get an offer letter when you are getting ready to start a new job, read it carefully. It is a critical document.
Employers do not always consider offer letters to be employment...
An arbitration panel's recent decision to deny Wells Fargo Advisors LLC's $30 million raiding claim against crosstown rival Stifel Nicolaus & Co. Inc. is just the tip of the iceberg in a six-year battle over advisers.
More than a dozen raiding claims from Wells Fargo drove Stifel to file a complaint against its rival with the Financial Industry Regulatory Authority Inc., alleging a “nationwide scorched-earth litigation campaign against Stifel” and an “ongoing abuse of the judicial and Finra arbitration process.”
A 20-year investment banker, who alleged Barclays used the collapse of former employer Lehman Brothers to seek to renege on a compensation agreement, has prevailed in arbitration proceedings against the London-based banking enterprise.
A Financial Industry Regulatory Authority (FINRA) arbitration panel ordered Barclays Capital Inc. to pay $715,000, plus interest, FINRA filing fees, and other costs, according to Outten & Golden LLP, counsel for Thomas D. Whalen, who filed the claim.