“Rapacious” underpayment claims succeed
Despite characterising the claims as “rapacious”, the Federal Circuit Court has awarded over $1.3 million to a group of former Macquarie Bank wealth advisors for unpaid entitlements. This is notwithstanding the former employees earning significant commissions between 2013 and 2019, many in the millions of dollars. The three related underpayment claims involved over 50 wealth [...]