A Philadelphia judge declined to vacate an arbitration award in a case brought against Schnader Harrison Segal & Lewis by a retired partner over interpretations of amendments to the partnership agreement.
In Stuntebeck v. Schnader Harrison, retired partner Clinton Stuntebeck asked Senior Judge Esther R. Sylvester to toss an arbitration award that found Schnader Harrison’s changes to its pension plan, in which the firm moved away from a formula and lifetime benefits to a capped yearly payment and 10-year limit on payouts, was applicable to Stuntebeck.
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