X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
In “Brobeck Chipping Away at its Citibank Debts,”[June 16] The Recorderreports that Brobeck, Phleger & Harrison “may be breathing a bit easier after shedding more than half its debt load.” A minor, but significant, correction is in order. While the former Brobeck partners may be breathing a bit easier, hundreds of former Brobeck staff members are not. No such relief for the loyal employees who can’t find new jobs, for those who’ve lost their homes, for those whose medical benefits were cut off without COBRA, for those who got no severance pay and couldn’t use their 401K money to live on because the funds were frozen. No breathing easier for the hundreds of loyal employees who continue to suffer; no breathing easier for all the former employees who continue to feel cheated and betrayed by the Brobeck partners. After giving or letting Citibank take the reported $30 million, the Brobeck partners can breathe easier because they have reduced their individual and personal liability to Citibank. Apparently, the partners aren’t concerned by the fact that they have failed to pay their employees compensation still owed from 2002 and have failed to reimburse expenses employees incurred at the partners’ direction. And they don’t seem concerned that their employees are stuck with medical and dental bills because premiums taken from employees’ paychecks in 2002 were not paid to the medical and dental insurers. Current and future employees of any of the former Brobeck partners might be concerned. Current and future clients might be concerned. The U.S. Department of Labor, various state labor departments, attorneys general, and bar associations might be concerned. But it becomes ever more apparent that neither Citibank nor the Brobeck partners seem concerned that they are paying down their debt with money that belongs to their former employees. The Recorderarticle ends with a quote from Steve Snyder, the head of Brobeck’s so-called liquidation committee: “Some people just see an opportunity there.” What amount of hubris might keep the Brobeck partners from seeing how well those words describe the mistreatment of their former employees? Jayne Loughry San Francisco Editor’s note: Jayne Loughry is a former Brobeck senior counsel and a plaintiff in the employee suit against the firm.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.