FAJEMIROKUN v. DRESDNER KLEINWORT WASSERSTEIN LIMITED


27 A.D.3d 320 (2006)

812 N.Y.S.2d 478

HENRY FAJEMIROKUN, Appellant, v. DRESDNER KLEINWORT WASSERSTEIN LIMITED, Formerly Known as KLEINWORT BENSON LIMITED, Respondent.

Appellate Division of the Supreme Court of the State of New York, First Department.

March 21, 2006.


In a prior arbitration under the auspices of the National Association of Securities Dealers (NASD) against defendant's parent company, plaintiff sought $2 million plus deferred sums as damages, alleging he was terminated as a result of a "takeover" by the parent banking group within the meaning of a change-in-control provision in his "secondment" agreement with the parent. His employment agreement with defendant home company, which was negotiated in the same context and at...

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