October 9, 1997 |
Kidder, Peabody & Co. won dismissal of an age discrimination lawsuit the U.S. Equal Employment Opportunity Commission filed against the now-defunct securities firm. If the ruling is upheld on appeal, it would weaken the federal government's ability to police Wall Street's compliance with discrimination laws by barring the EEOC from seeking monetary damages on behalf of employees who sign arbitration agreements, the EEOC said.
June 21, 1996 |
Prosecutor Seeks Huge Fines Against Jett: The fines sought against Joseph Jett, the former Kidder Peabody & Co. bond trader accused of a massive scheme to falsify profits, could total hundreds of millions of dollars.
January 9, 1996 |
Federal regulators are ready to file civil charges against former Kidder Peabody bond trader Joseph Jett and two of his former bosses in connection with the firm's 1994 bond trading scandal, sources said Monday. The Securities and Exchange Commission could file an administrative case today against Jett, Edward Cerullo and Melvin Mullin, according to the sources, who requested anonymity. The Northeast storm delayed the filing Monday.