Execs Say Credit Lyonnais Broke Benefits Promise

Law360, New York (June 28, 2007, 12:00 AM EDT) -- Three former top employees of Credit Lyonnais fought the French bank's motion for summary judgment in their lawsuit against their one-time employer, which they claim breached its promise by cutting their salaries and pensions when they were transferred from a company subsidiary.

Alex Ladouceur, the former president of Credit Lyonnais Rouse USA, a futures commission merchant, on Wednesday submitted an affidavit detailing the negotiations that went on in 2000, when Credit Lyonnais suggested to Ladouceur that the two companies merge and that he and two coworkers...
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