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Employee can’t cite ‘stock-loss stress’ for workers’ comp claim

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in Human Resources

After a California utility worker saw his $200,000 in company stock plummet in value, he left work and filed a workers' comp claim, citing stress. The state workers' comp board said he was entitled to benefits, but a court said 'No way,' ruling that his stock losses (and resulting stress) were no different from what the public experienced. "Allowing employees to recover benefits for psychiatric injuries caused by this type of stress would subject employers to virtually unlimited liability," the court said. (Pacific Gas & Electric Co. v. Workers' Comp Appeals Board, No. A101872, Cal. App.1)

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