Ex-Brokers Say E1 Retaliated Over OT Class Action

Law360, San Diego (October 21, 2011, 4:00 PM EDT) -- E1 Asset Management Inc. was hit with a proposed class action Thursday alleging the firm violated New York labor law by bringing breach of employment contract claims against former stockbrokers in retaliation for their ongoing participation in overtime litigation against the company.

Daniel LaSalle, who worked as a stockbroker for E1 from March 2003 to March 2010, lodged the case in New York court against the broker-dealer, its president and its CEO.

The case stems from a class action filed in New York federal court by...
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