Novick v. AXA Network, LLC

  1. August 30, 2016

    Ex-AXA Broker Launches Broad Appeal Over $1.6M Trial Loss

    Broker Steven S. Novick filed a wide-ranging appeal Tuesday in his failed attempt to take up to $20 million in contractual damages from two AXA units at trial in a case that has left the Connecticut money man on the hook for $1.6 million — money he borrowed from the financial giant and did not repay — as well as potentially $263,000 in legal fees.

  2. July 14, 2016

    AXA Beats Broker's $20M Contract Beef With Quick Verdict

    A seven-member civil jury needed just over an hour Thursday to reject broker Steven S. Novick's breach of contract suit against two AXA units, finding the financial giant breached no agreements with the Connecticut money man when it fired him for hawking unapproved investments then reached out to some of his clients.

  3. July 13, 2016

    Jury Set To Inherit Broker's $20M Contract Beef Against AXA

    Seven Manhattan jurors were set to begin deliberating fired AXA broker Steven S. Novick's $20 million breach of contract lawsuit against the financial giant starting Thursday, after a 10-day trial and with a threat looming from U.S. District Judge Alvin K. Hellerstein to dismiss the Connecticut moneyman's case on the law.

  4. July 12, 2016

    Broker's $20M Trial Against AXA Appears On Brink Of Collapse

    Fired AXA broker Steven S. Novick's $20 million breach of contract case against the financial giant teetered on the brink of collapse Tuesday as U.S. District Judge Alvin K. Hellerstein tore into the plaintiff's team for failing to timely present a coherent theory of damages in the decadeold litigation now before a Manhattan jury.

  5. July 11, 2016

    AXA Stayed Out Of Brokers' Commission Fights, Jury Hears

    The jury at broker Steven S. Novick's $20 million breach of contract trial against insurer AXA Networks and brokerage AXA Advisors heard Monday that the financial giant had a policy of not intervening in commission-sharing fights such as one at the center of the Connecticut moneyman's lawsuit.

  6. July 06, 2016

    Ex-AXA Broker's Colleagues Poached Clients, Jury Hears

    Former AXA broker Steven S. Novick on Wednesday showed evidence at his $20 million breach of contract trial against the financial giant that suggested his erstwhile colleagues actively sought to poach his clients after he was terminated — and that those hardball efforts quickly paid off.

  7. July 05, 2016

    AXA Boss Calls Ex-Broker A Squeaky Wheel At $20M Trial

    AXA Advisors chairman David Karr testified Tuesday that former broker Steven S. Novick was a top earner whom he had helped recruit in 2002, but he also told a jury that the former broker now seeking $20 million from the financial giant for breach of contract was a big-time complainer and said he wasn't in on Novick's eventual firing in 2006.

  8. July 01, 2016

    Broker's Damages Theories To Be Tested In $20M AXA Trial

    Broker Steven S. Novick on Friday appeared to have his work cut out for him in proving up to $20 million in contractual damages against two AXA units tied to alleged residual investment fund, annuity and insurance liabilities on the part of the financial giant, which was mounting an effort to knock them out of a civil jury trial.

  9. June 30, 2016

    Ex-AXA Broker Tells Jury Underling Sent Unapproved Emails

    Broker Steven S. Novick said Thursday at his $20 million breach of contract trial against two AXA units that he sent an email about an unapproved potential investment to one of his then-bosses, but blamed a former subordinate for dozens of similar unauthorized missives even though they were sent under his name.

  10. June 29, 2016

    Lawyer Shouting Match Erupts At Ex-AXA Broker's $20M Trial

    A trial to decide broker Steven S. Novick's $20 million contract beef against two AXA units was punctuated Wednesday by accusations that evidence was improperly altered and a shouting match between Novick's counsel, Michael S. Finkelstein of Finkelstein & Feil PC, and two Epstein Becker & Green PC lawyers representing the financial giant.