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Avete idea cosa possa voler di re quanto sotto.....?
Sterling Financial lawsuit dropped 21-Jan-10 08:15 pm An employee lawsuit filed against Spokane-based Sterling Financial has been dropped because the plaintiff in the case said he never agreed to any involvement and did not give permission for his name to be used by attorneys.
The suit, intended to be a class action, was filed last week on behalf of Oregon resident and former Sterling employee Cory Deter in federal court in Eastern Washington. On Thursday, the suit was dismissed by Seattle-based Hagens Berman Sobol Shapiro, the law firm that filed the complaint.
The lawsuit alleged that Sterling failed to protect employees’ investments in company stock through their 401(k) plans.
In an interview with the Puget Sound Business Journal, Deter said he gave Pennsylvania-based law firm Brodsky & Smith LLC, which was also working on the litigation, initial permission to represent him, but never filled out necessary paperwork to officially retain the firm. He also said he did not give permission for the firm to use his name as the lead plaintiff and hadn’t reviewed the complaint before it was filed.
“I’m just kind of disgusted,” Deter said. “I don’t have anything against Sterling or their management.”
Andrew Volk, an attorney at Hagens Berman who is working on the Sterling litigation, said his law firm was told by Brodsky & Smith that Deter had reviewed the complaint and he assumed Brodsky & Smith had received “something in writing” from Deter. As soon as Volk became aware of the misunderstanding, he said, the firm pulled the lawsuit.
“We had (Brodsky & Smith’s) assurance and we wouldn’t have filed without their assurance,” Volk said. “If there was some misunderstanding on their end, I would say he was their client and they brought him to us.”
Brodsky & Smith did not return repeated calls for comment.
Email communication provided by Deter between him and Jason Brodsky, an attorney with Brodsky & Smith, shows that Deter did give email permission for the firm to represent him, stating in an email dated Dec. 28, 2009: “Yes, I want you to represent me.” He then adds, “But I need to find time to do the paperwork.”
Deter said he then left on vacation to the Carribean for two weeks — without filling out the paperwork — and came back to find that the suit had been filed.
Deter worked in Sterling’s commercial banking department between 2006 and October 2009, when he left the bank voluntarily for another job. He lost about $3,000 — less than a month’s worth of pay — in his 401(k) as a result of Sterling’s stock drop. That led him to respond to a query by Brodsky & Smith on Google Finance regarding a potential class action.
“It’s laughable that I’m the poster boy for this,” said Deter. He said he also plans to file a complaint against Brodsky & Smith through the Pennsylvania Bar Association.
Meanwhile, Hagens Berman Shapiro filed another suit Wednesday in U.S. District Court of Eastern Washington with a different former Sterling employee as the lead plaintiff. The suit contains similar allegations as the first complaint and also seeks class-action status.
Sterling Financial declined to comment on either case.
Sterling Financial lawsuit dropped 21-Jan-10 08:15 pm An employee lawsuit filed against Spokane-based Sterling Financial has been dropped because the plaintiff in the case said he never agreed to any involvement and did not give permission for his name to be used by attorneys.
The suit, intended to be a class action, was filed last week on behalf of Oregon resident and former Sterling employee Cory Deter in federal court in Eastern Washington. On Thursday, the suit was dismissed by Seattle-based Hagens Berman Sobol Shapiro, the law firm that filed the complaint.
The lawsuit alleged that Sterling failed to protect employees’ investments in company stock through their 401(k) plans.
In an interview with the Puget Sound Business Journal, Deter said he gave Pennsylvania-based law firm Brodsky & Smith LLC, which was also working on the litigation, initial permission to represent him, but never filled out necessary paperwork to officially retain the firm. He also said he did not give permission for the firm to use his name as the lead plaintiff and hadn’t reviewed the complaint before it was filed.
“I’m just kind of disgusted,” Deter said. “I don’t have anything against Sterling or their management.”
Andrew Volk, an attorney at Hagens Berman who is working on the Sterling litigation, said his law firm was told by Brodsky & Smith that Deter had reviewed the complaint and he assumed Brodsky & Smith had received “something in writing” from Deter. As soon as Volk became aware of the misunderstanding, he said, the firm pulled the lawsuit.
“We had (Brodsky & Smith’s) assurance and we wouldn’t have filed without their assurance,” Volk said. “If there was some misunderstanding on their end, I would say he was their client and they brought him to us.”
Brodsky & Smith did not return repeated calls for comment.
Email communication provided by Deter between him and Jason Brodsky, an attorney with Brodsky & Smith, shows that Deter did give email permission for the firm to represent him, stating in an email dated Dec. 28, 2009: “Yes, I want you to represent me.” He then adds, “But I need to find time to do the paperwork.”
Deter said he then left on vacation to the Carribean for two weeks — without filling out the paperwork — and came back to find that the suit had been filed.
Deter worked in Sterling’s commercial banking department between 2006 and October 2009, when he left the bank voluntarily for another job. He lost about $3,000 — less than a month’s worth of pay — in his 401(k) as a result of Sterling’s stock drop. That led him to respond to a query by Brodsky & Smith on Google Finance regarding a potential class action.
“It’s laughable that I’m the poster boy for this,” said Deter. He said he also plans to file a complaint against Brodsky & Smith through the Pennsylvania Bar Association.
Meanwhile, Hagens Berman Shapiro filed another suit Wednesday in U.S. District Court of Eastern Washington with a different former Sterling employee as the lead plaintiff. The suit contains similar allegations as the first complaint and also seeks class-action status.
Sterling Financial declined to comment on either case.
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Forumer storico
bè se era presupposto per una class action....
comunque speriamo che balzi ben in avanti, per il momento bene .... ma attendiano zompi felini, penso?
