Deutsche Bank Exec's ERISA Claim Stands: Judge

Law360, New York (August 15, 2007, 12:00 AM EDT) -- A district court has removed two claims alleging unpaid bonuses but left intact a former equities manager's final allegation against Deutche Bank AG, which fired him in 2004—that the bank violated the Employee Retirement Income Security Act in its administration of his severance package.

A judge at the U.S. District Court for the Southern District of New York Tuesday granted Deutsche Bank's motion for summary judgment as to claims of breach of an implied contract and quantum meruit, but denied it for plaintiff Joseph D. DeSantis's...
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