BAI Lawsuits

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Nov 4, 2008 7:24 pm
Anybody heard of any group lawsuits forming against BAI. Could be for any of these following subjects.
1) Exclusion from Retention Package
2) Existing Promissory Notes (The fact we will now be working in a wirehouse and not a bank setting. No referrals we were promised etc)
3) Changing Pay Plans in the middle of the year without the signature of the FA
4) Discretionary Scorecards
 
Feel free to add more reasons.
Nov 4, 2008 10:41 pm

Uh oh, the natives are getting restless!!!

Nov 4, 2008 11:00 pm

Damn straight the natives are getting restless. I just registered as a newbie to this forum. I can tell you that I have already consulted an attorney and will be meeting again soon to form a class action lawsuit against these incompetent imbeciles they call management. Some one needs to grow a set and stand up to these clowns. So, it might as well be me. I did not sign up for this crap when I came to BAI.  

Nov 5, 2008 12:42 am

southcampus, I know you're in a tough spot but I've never seen a non-minority or non-gender lawsuit succeed against BAI.  And I've been here 10+ years and have seen plenty of mergers and comp changes. 

 
I'm not a lawyer but I imagine it'll be hard to find enough FA's to file a class action lawsuit.   And even harder for a jury to be sympathetic to "greedy Wall-Streeters."
Nov 5, 2008 8:05 am

I told you so. Boy I'm I glad I left. How about growing a set yourself and leaving?

Nov 5, 2008 1:47 pm

Top 50 Merrill Brokers.... You Are Arrogant Idiots who are about to understand that a group of 50 people doesnt fight an immovable object that is as large as the Pentagon.


You will be slaughtered, humbled, and humiliated. Your $5 billion in total client assets is as Obama says.....Chump change. Its big to you but it is not big to BAC.  The longer you wait and try to negotiate the more your $5 billion in assets the more it will be $2.5 billion when you try to leave.
 
 
Nov 5, 2008 3:01 pm

I pity the fools!