Perella Weinberg Wins Ruling Narrowing Ex-Employees’ Suit
- Michael Kramer and three other bankers sued firm in May 2015
- Ex-employees allege they were forced out for forming new firm
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Perella Weinberg Partners LP won a ruling narrowing a lawsuit by four former bankers who claimed the investment bank manufactured grounds to push them out and keep $60 million in compensation.
The case is being watched closely by Wall Street as it shines a rare spotlight on a dispute between a financial firm and its employees. Such fights are often handled behind closed doors in arbitration or mediation.