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In an unusually sharp ruling, a National Association of Securities Dealers arbitration panel has awarded damages against brokerage firm Salomon Smith Barney for breach of fiduciary duty to Janet Naples, a former WorldCom employee. Naples' attorney said the ruling may clear the way for as many as 1,500 other WorldCom workers who participated in the company's employee compensation plan to win awards. The ruling, which blasts Salomon for its conduct, may be the first to establish any duty by the firm.
November 17, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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