Ex-Prudential Manager Wins Age Bias Case

Law360, New York (January 30, 2007, 12:00 AM EST) -- A former branch manager with Prudential Securities Inc has been awarded $900,000 by the financial services regulator after he claimed the firm demoted him soon after he turned 60.

The National Association of Securities Dealers arbitration panel sided with ex-Oklahoma City branch manager Carl Busch, who alleged Prudential was guilty of age discrimination.

Busch, who managed the branch for 14 years, claimed the firm pushed him from his perch in 2002 to make way for a younger man on a lower salary, and forced him to...
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