Hadsell Stormer Renick & Dai LLP
Free Consultations 626-381-9261

California worker sues for wrongful termination

Employees who feel that they have been wrongfully fired or let go from their position have the right to legal recourse. This is especially true when the reason for their termination is retaliatory. In many cases, employees who speak up about unfair or illegal practices are fired shortly afterward. By pursuing a wrongful termination suit against their employer, such employees are not only standing up for their own rights, their court victories also make a strong statement that such acts will not be tolerated by the California courts.

An example lies in a recently filed lawsuit by a former portfolio manager for Pacific Investment Management Company (PIMCO).The employee claims that he was fired after he approached management to share his concerns that multiple senior managers were conducting illegal activities. In particular, the employee had concerns that the managers were engaging in illegal insider trading, and that they were also manipulating the price information for the PIMCO Total Return, which is the world's largest bond fund.

Those concerns were reported to a managing director for PIMCO and to compliance officials. Following that time, the employee's pay was reduced and he reports being subjected to verbal abuse by other employees. He was fired from the company in March 2012.

This wrongful termination case may not make it to a California court. The employee dismissed the suit three days after it was filed. He is currently in negotiations with PIMCO attorneys to resolve the matter. There is no word from their legal department as to their plans to resolve the case. The eventual outcome could lead others in similar whistleblower positions to have the courage to report illegal or unethical activity.

Source: insidecounsel.com, "Ex-employee sues PIMCO over wrongful termination," Cathleen Flahardy, March 14, 2013

No Comments

Leave a comment
Comment Information
    • The National Trial Lawyers | Top 100 Trial Lawyers
    • Top Listed In Best Lawyers | The World's Premier Guide
    • Americas Top 100 2017 | Criminal Defense Attorneys
    • AV Preeminent Martindale-Hubbell Lawyer Ratings
    • Super Lawyers | Rising Stars 2018
    • Best Lawyers US News 2016
    • The National Trial Lawyers | Top 40 Under 40
    • proud fellow of american bar foundation
    • 2018 Top 100 Lawyer ASLA
    • SuperLawyers Rising Stars 2018

Have You Been Victimized?

Speak to an attorney who will fight for you.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us For A Response

Pasadena Office
128 N. Fair Oaks Avenue, Suite 204
Pasadena, CA 91103

Phone: 626-585-9600
Fax: 626-577-7079
Pasadena Employment Law Office

Downtown Los Angeles Office (Legal Fund)
250 1st Street, Suite 1201
Los Angeles, CA 90012

Phone: 213-785-6999
Map & Directions

Free Consultations

Tel: 626-381-9261
Toll-free: 866-457-2590