Ex-Deutsche Bank Managing Director Sues For Age Bias

Law360, New York (December 18, 2012, 7:14 PM EST) -- A former Deutsche Bank Securities Inc. managing director hit the bank with an age discrimination and wrongful termination lawsuit Tuesday in New York state court.

Robert Jeffe, a 62-year-old former chairman of Deutsche Bank's Corporate Advisory Group, said he was “grossly underpaid” following a 2009 management shakeup, despite years of exemplary performance. Meanwhile, younger managing directors who couldn't pull their weight made millions, Jeffe said.

After complaining of the unfair treatment, Jeffe's Manhattan court complaint said the bank manufactured a reason to fire him and deprived...
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