An award of punitive damages two and a half times the amount of compensatory damages was not excessive where a securities company published false information about a former employee on his termination statement, a New York Southern District Judge ruled Feb. 16.

Judge Deborah A. Batts also found that an arbitration panel properly disregarded a New York Appellate Division case which ran counter to the “overwhelming” number of cases finding termination statements are shielded by qualified, and not absolute, immunity.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

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