NJ sustain CAP forfeiture

2 replies [Last post]
Anonymous's picture
Anonymous

The NJ courts have sustained Citi/Smith Barney's position that the CAP program is NOT an illegal diversion of wages or an illegal forfeiture provision.  To read the full case, visit:
http://lawlibrary.rutgers.edu/courts/appellate/a5252-04.opn. html
I will be happy to answer personal message queries through this forum or to me at rrbdlawyer@aol.com in order to preserve your confidentiality.
 

doberman's picture
Offline
Joined: 2005-02-22

Thanks for the heads-up, Bill.
Not that it would ever apply to me, but if SB ever walked in my front door with a check for 5x my trailing 12, it would be nice to know.

Please or Register to post comments.

Industry Newsletters
Investment Category Sponsor Links

 

Careers Category Sponsor Links

Sponsored Introduction Continue on to (or wait seconds) ×