Panel Validates Firing Of Securities Firm Counsel

Law360, New York (February 20, 2008, 12:00 AM EST) -- An arbitration panel has dismissed the wrongful termination case of a former GFI Securities Inc. general counsel who allegedly forged documents in order to increase his pay and authority with the firm.

The Financial Industry Regulatory Authority panel ruled earlier this month that GFI was entitled to fire Chaim A. Levin because he refused to cooperate with an internal company investigation into his suspected forgery and fraud. The panel found that Levin breached his employment contract by refusing to cooperate.

The panel also dismissed GFI's counterclaims...
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