The 2nd U.S. Circuit Court of Appeals has sharply rebuked a National Association of Securities Dealers arbitration panel for trying to restrict an award of attorney fees to a successful age discrimination claimant.

A three-member NASD panel concluded that Bernhard B. Porzig was fired from his sales job at investment bank Dresdner Kleinwort in violation of the federal Age Discrimination in Employment Act and awarded him more than $200,000 in damages. But contrary to the requirements of the ADEA, the panel denied Porzig attorney fees and assessed him around $14,000 in arbitration costs.

This content has been archived.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 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]