The general manager of a leading insurance brokerage sacked for his drunken conduct has had his $300,000 wrongful termination damages payout discounted by 70%, after the NSW Supreme Court of Appeal upheld the employer's appeal.
A full Federal Court has rebuffed a group of St George Bank managers who claimed the employer engaged in misleading and deceptive conduct when it retrenched them after promising they would receive retention bonuses if they stayed in their jobs during a merger with Westpac.
A court has stopped a financial advisor from soliciting or providing services to his former employer's clients for up to six months until it rules on his alleged breach of restraint of trade provisions in his employment contract.
An appeal court has reduced the $3m severance and bonus payout awarded to an investment bank chief executive dislodged after a global takeover, while it has granted the bank's head of global markets an exit payment of almost $400,000.
An ANZ state director sacked for allegedly altering a confidential internal email and forwarding it to a journalist has today been awarded more than $100,000 for wrongful dismissal by the NSW Court of Appeal.
A broker earning an average of $400,000 a year, who resigned to take up a more lucrative offer with a competitor, has been restrained for nine months by the NSW Supreme Court for a "flagrant" breach of his employment contract.