Absolute Privilege Protects Employers’ Statements

Law360, New York (April 2, 2007, 12:00 AM EDT) -- On March 29, 2007, the New York Court of Appeals held in Rosenberg v. MetLife Inc., USCOA, 2 No. 23 (Mar. 29, 2007), that an employer’s statements on an NASD employee termination notice (Form U-5) are protected by an absolute privilege in defamation lawsuits, resolving a conflict among the New York Appellate Divisions.

Because so many jurisdictions look to New York court decisions on matters of public importance arising out of the securities industry, this decision is likely to be relied upon across the nation in...
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