Subscribe Subscribe   Find us on Twitter Follow POL on Twitter  



Workplace defamation suits

They continue to be highly troublesome to employers in the brokerage business who are obliged to fill out a form ("U-5") explaining why they are terminating a broker-dealer. Michael Fox has details on a recent case against Merrill Lynch. A New York appellate decision recognized (as to terminations in that state only) a privilege for such statements by brokerages, grounded in the public interest in not chilling revelations that might protect consumers in the future, but there are signs arbitrators may be finding ways to get around that ruling.



Rafael Mangual
Project Manager,
Legal Policy

Katherine Lazarski
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.