Eliot Spitzer announced in mid-December that he thinks the $89 million overtime settlement that UBS agreed to in February 2006 is unfairly distributed, and he’s asking a Northern California District Court to reject the proposed settlement amount. In a memorandum to the court, Spitzer wrote that New York-based UBS brokers will receive just $11.3 million of the proposed $89 million, while California brokers get a windfall $44 million. A settlement hearing is scheduled for Jan. 19.
0 comments
Hide comments
