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IN RE RICKER

Bankruptcy No. 10-10069 ELF. Adversary No. 10-0124.

475 B.R. 445 (2012)

In re Gregory W. RICKER. Oppenheimer & Co. Inc., Plaintiff, v. Gregory Ricker, Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

July 19, 2012.

Attorney(s) appearing for the Case

Mark J. Dorval , Steven John White , Stradley Ronon Stevens & Young LLP, Philadelphia, PA, for Plaintiff.

Robert M. Greenbaum , Smith Kane, Malvern, PA, for Defendant.

MEMORANDUM

ERIC L. FRANK, Bankruptcy Judge.

I. INTRODUCTION

In November 2008, Oppenheimer & Co. Inc. ("Oppenheimer") hired Gregory Ricker ("the Debtor") as a stockbroker. As is customary in the securities industry, Oppenheimer extended to the Debtor a substantial hiring "bonus" in the form of a forgivable loan ("the Oppenheimer Loan"). The Oppenheimer Loan was for $349,652.00. The loan agreement provided that the principal amount would be discharged...

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