FINRA Panel Says Deutsche Unit Owes Ex-Director $3.6M

Law360, New York (January 3, 2012, 2:23 PM EST) -- A Financial Industry Regulatory Authority arbitration panel ordered a Deutsche Bank AG subsidiary last week to pay more than $3.6 million to a former managing director who accused the firm of frustrating his ability to conduct business with institutional clients.

Deutsche Bank Securities Inc. must pay the award, which includes more than $1.6 million in compensatory damages representing lost wages and more than $1.6 million in punitive damages, to former employee Stephen Colavito for business he allegedly lost due to another DBSI managing director's conduct....
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