Sexual Orientation/Religious Discrimination Arbitration. NOTE: Legal Counsel Job Opening.

Claimant H&R Block (HRB) asserted Breach of Promissory Note and unjust enrichment arising out of Respondent Slonecker's employment and subsequent termination from the firm. Claimant HRB sought $73,423.30 in compensatory damages for the outstanding principal of the promissory note with accrued interest, and additional interest until such time as any award is fully paid. In the Matter of the Arbitration Between H&R Block Financial Advisors, Inc., Claimant, vs. William Gregory Slonecker, Respondent (FINRA Arbitration 08-03228, April 26, 2010).

In addition to generally denying the allegations, Respondent Slonecker counterclaimed with

• Breach of Oral Contract,
• Discrimination/Hostile Work Environment in violation of Title VII of the Civil Rights Act of 1964 and Title 1 of the Civil Rights Act of 1991,
• Wrongful Termination, and
• Fraud/Fraudulent Inducement

The basis of the alleged discrimination was Respondent's sexual orientation and religious preference. The Counterclaims were generally denied by Claimant.

The FINRA Arbitration Panel ordered Respondent to pay $73,423.30 in compensatory damages plus interest and $1,750.00 in filing fees. The Counterclaims were denied.

Bill Singer's Comment: Although Respondent's case did not fare well, it is still illustrative of the varied types of defense/counter-claims that can be (and frequently are) asserted in intra-industry employment disputes. 

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RIA COMPLIANCE COUNSEL EMPLOYMENT OPPORTUNITY

COMPLIANCE COUNSEL, Investment Adviser
S.E.C. Registered Investment Advisor with traditional and alternative investments. Offices in U.S. and London.
Job Location: Stamford, CT.