CASE SUMMARYClaimant asserted the following causes of action; whistleblower retaliation in violation of the Sarbanes-Oxley Act, Section 806 of the Sarbanes-Oxley Act of 2002; 18 U.S.C. Section 1514A; breach of contract; and violation of NY Labor Law.Unless specifically admitted in its Answer and Amended Answer, Respondent denied the allegations made in the Statement of Claim and Amended Statement of Claim and asserted various affirmative defenses.RELIEF REQUESTEDIn the Statement of Claim, and Amended Statement of Claim, Claimant requested compensatory damages in the amount of $4,500,000.00, that the Panel declare that the actions, conduct, and practices of Respondent violated the laws of the United States: an order directing Respondent to place Claimant in the position he would have occupied but for Respondent's retaliatory treatment and otherwise unlawful conduct, as well as to take such affirmative action as is necessary to ensure that the effects of these unlawful employment practices are eliminated and do not continue to affect his employment and personal life; an award of damages in an amount to be determined at trial, plus prejudgment interest, to compensate Claimant for all monetary and/or economic damages, including but not limited to, the loss of past and future income, wages, compensation, and other benefits of employment; an award of damages in an amount to be determined at trial, plus prejudgment interest, to compensate Claimant for all nonmonetary and/or compensatory damages, including but not limited to, compensation for his mental anguish, humiliation, embarrassment, stress and anxiety, emotional pain and suffering and emotional distress; an award of damages in an amount to be determined at trial, plus prejudgment interest, to compensate Claimant for harm to his professional and personal reputation and loss of career fulfillment; costs; reasonable attorneys' fees to the fullest extent permitted by law; an award of damages for unpaid wages, including unpaid benefits, as provided under New York Labor Law, plus 100% liquidated damages, as provided by the statute; and such other and further damages as may be proven at trial; and such other and further relief as the Panel may deem appropriate.At the hearing, Claimant requested compensatory damages in the amount of $17,000,000.00. . .
What was Claimant Usandivaras's title and role at Respondent Deutsche Bank?What was the substance of his alleged whistleblowing?What constituted the alleged acts of retaliation against him?What were the unlawful employment practices?
How was Claimant's professional and personal reputation harmed?
What elements went into the computation of Claimant's $4.5 million and subsequent $17 million in damages?
AWARDAfter considering the pleadings, the testimony and evidence presented at the hearing, the Panel has decided in full and final resolution of the issues submitted for determination as follows:1. Respondent is liable for and shall pay to Claimant compensatory damages in the amount of $3,000,000.00.2. Any and all relief not specifically addressed herein, including liquidated damages, is denied.
Deutsche Bank's Emerging Markets business, within its Global Markets division, today announced several key hires in Latin America sales and trading in New York.Jorge Daniel Usandivaras will join as a Managing Director and Head of Latin American Strategic Transactions. He will report to Manuel Schnaidman, Managing Director and Head of the Fixed Income Strategic Transactions Group in North America and Gonzalo Barbon and Federico Infantino, Managing Directors and Co-Heads of Emerging Markets Structuring for Latin America. Usandivaras joins from Banco Itau, where he was a Senior Executive Officer. Prior to joining Itau, he was a Managing Director and Head of New Product Development for Latin America at Merrill Lynch . . .