Auric Goldfinger's Short List Message Board

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Non-Tech : Auric Goldfinger's Short List

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To: mmmary who wrote (10992)	1/24/2003 11:36:56 AM
From: StockDung	Read Replies (1) of 19428

WEILL ON GRILL IN $500M BROKERS SUIT By PAUL THARP January 24, 2003 -- Sandy Weill has been ordered to undergo grilling by former brokers around the U.S. who claim he stiffed them for as much as $500 million. Despite a three-year effort by Weill's legion of lawyers to shield the Citigroup chief from the lawsuit, Weill must undergo questioning by lawyers for the angry former brokers at Citigroup's Salomon Smith Barney. Brokers Mel Rosen and James Fox, along with 118 other high-earners in New Jersey, claim they were cheated out of stock-plan money they plowed into Smith Barney when they worked at its New Jersey offices. The lawsuit has been certified as a class action with six other similar lawsuits around the nation involving former Smith Barney employees who are seeking return of their stock plan investments. Claims involve more than $500 million. A Superior Court Judge in Newark ordered Weill to appear at his deposition and set a trial date for April 28.

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