Stockbroker Awarded Millions After Being Terminated For Army Reserve Duty
One might be tempted to forgive the banksters for thinking they would be exempt from this law as well as all the ones they violated in wrecking the national economy a few years ago. Nevertheless, hubris and arrogance are not a defense and they have apparently found the limit of their immunity.
A stockbroker was awarded several million dollars in a wrongful termination lawsuit after a court determined that he was retaliated against for going on reserve duty.
A financial industry regulatory panel ruled Friday that Goldman Sachs must pay Chris Barra, a West Point graduate and lieutenant colonel in the Army Reserves, and his partner, Luis Sampedro, $7.6 million.
Barra and Sampedro worked as a team at Goldman Sachs Los Angeles for nine years until 2007 when they were fired.
The panel found not only wrongful termination, but discrimination against military personnel, because Barra was “chastised and retaliated” against by the LA offices’ Branch Manager because he went on reserve duty.