Should I Sue?
So there's been a bit of an uproar regarding a certain IB firm that starts with "J".
I used to work there and it's about the most toxic shithole you can get in IB.
Interestingly,
- I have receipts of people committing fraud and MDs knowingly sweeping it under the rug. (Obviously it's not client related otherwise it would have been exposed by now, but I guess fraud is fraud?)
- I have receipts of people committing compliance breaches
- I have receipts of MDs and HR trying to deduce who a whistleblower for retaliation was instead of correcting the reported behaviour
- I have receipts of them breaking employment laws, and pushing me to the medical limit (I think this was the most serious as HR got pretty scared at that point, and life got slightly better after that. I don't want to elaborate more for my privacy)
WSO, should I sue?
I'm being semi-serious because I think I might be done with finance, in which case I don't give a rat's ass about a reference check, whereas I used to.
I would also love to have those motherfuckers either having their bonus clawed back if the firm has to settle with me, or else have their shit blasted on social media, because at least in the case of fraud, I don't think they can be legally hired by another bank or advisor again.
And they're definitely not smart enough to move to PE.
You tryna put a good word in for me? Sounds fun. Looking for Ft
Send me Pm to compare notes.
Maybe talk to a lawyer instead of asking a bunch of strangers on the internet. They would actually be able to tell you if your case has any merit.
Nah that's too logical. Better to seek legal help from WSO.
Sue them only if any of those circumstances neglected your employment rights or were abusive.
- For instance, fraud is related to a company's adherence to regulation, but this adherence or non-adherence, most probably, doesn't - and didn't - impact you. So, instead of suing, you would just report it to the authorities and they would investigate the company.
- If your issues with HR may be related to discrimination or whatever employment rights you have, in that case, you could have a case.
- If you are the whistleblower then, again, you could have a case. Alternatively, if you ain't, then you can't sue them on behalf of another person. In this case, the maximum you could do would be to report it to the authorities for non-adherence to compliance regulations.
Also, how plausible are your proofs? Fraud - stealing pens from the office vs. tax fraud? Compliance breaches - Accessing to another's department area without badge vs. sharing NPI?
And generally, what's your motive for suing them? Did any of those breaches impact you? Because if you want to bring a case to court for altruistic reasons i.e. fighting abuses in the financial industry, then most probably, you're case will be weak because the first impression would be that you're there primarily for the money/damages, and instead, it should have been better reported to authorities and let them decide what to do. Alternatively, if those breaches directly impacted you, then you're case could be more plausible because it's about your rights.
All your reasons sound like compliance breaches and "the medical limit"/employment laws seems weak (sounds more like a situation of "what if"). I think, most probably, you should report it to the responsible authorities, or if your lawyer tells you that you have a case, then most probably, you'll lose it. But again, check it with a lawyer. It's hard to give you a valid opinion on 4 circumstances summed up in a phrase.
This is not legal advice. Those are just some things to consider from a legal perspective.
Be logical and consult lawyer ? Nah
Hit up WSO full of degenerate coke heads working off of 3 hours of sleep 👍🏻
"Free Legal Advice is Paradise"
can't wait for it, sounds promising
You wish you could be one of those, intern.
Dude (or gal) thinks they're hot shit that can take down a bank. Then proceed to write an essay to ask a bunch of 18 year old high school kids for opinion. Hah. Please do, I can't want to read about this on the journal.
a photo of his lawyer on the journal
This should apply to yourself and your opinion, no? Since you're right here.
And no genius, few people actually sue to take down something / someone.
It's pretty obvious what I want. If you don't get it, how are you even a VP.
I would sue. I've been the victim too. people need to learn they can't get away with this shit.
Better hire a good ass fucking lawyer if you do so. They’ll bring out the big dogs against you.
better call saul
Dammit, those Joldman Sachs guys have an aversion to compliance it seems
If you’re looking for a pay day versus getting them to not claw back your bonuses, it’s different.
One route you can take is raising to HR how you feel you “cannot continue working at the bank given how XYZ has been occurring (send proof if you want)” and that you want to discuss options with them on what should be your next steps. This possibly can create a pretty big situation for them as from a legal/compliance standpoint, they don’t want you submitting all that evidence to any regulatory agencies where they could get fined a lot of money for. They’d likely rather say that they think you and the bank should part ways and they won’t claw back anything than deal with a legal headache.
Dick handler in his bag
JPM? JEF?
Yes! Dm me - genuinely serious I’ll pay for all of it. Got a score to settle with Jeff
You need to really think through this, they’ve got an army of top-notch lawyers already out for blood. Consult a professional.
If you have “receipts” of people committing fraud does that mean you’re covering up fraud?..
Also what exactly are you suing for?
If you were in the slightest of bit serious you wouldn’t be asking WSO forum users. You’d actually consult an attorney.
but you sound like a viral wannabe using Russian-style propaganda hype tactics which have really caught fire recently. Pathetic if this is just going to be the norm from now on with disgruntled analysts
“Russian-style propaganda hype tactics” is one of the most Reddit-sounding phrases I’ve heard all year
True. Clear Cross-selling opportunity if Reddit ever wants to buy a carve out of the WSO forum. Basically the same thing.
Yes! Fuck Jefferies and Richard Handlers ugly as fuck
compared to his daughter he is handsome as fuck
I like pancakes
Yeah blow it up. We need more ethics in this place
Btw, if you are talking about the firm I think you are talking about, several newspapers are digging into that firm and it's HR "tactics". Could also reach out to them. Specifically, know the WSJ / NYT / FT has been canvassing juniors for a scoop. Can PM you contact details.
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