Morgan Stanley won the latest round in its high-profile battle with IT employee Arthur Riel, who was fired for sharing e-mails that revealed questionable practices at the firm. Riel lost on all counts of wrongful firing, prevailing only on a single breach-of-contract complaint.
A Southern New York District judge ruled that Morgan Stanley’s internal codes of conduct and ethics, which forbid retaliation against whistle-blowers, are not legally binding.
Riel prevailed on one count that the firm breached its executive incentive-compensation plan by firing him for cause in bad faith, thereby depriving him of stock and options worth several hundred thousand dollars.
Advice: Don’t take the court’s ruling about internal codes of conduct as a green light to retaliate against whistle-blowers. Depending on the accusations, employees could be protected by a number of federal and state laws.
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- 10 Secrets to an Effective Performance Review
- Lawsuit: Lehman bankruptcy stiffed riffed NYC workers
- Handling a disability claim: step by step
- What do we need to do to hire an H-1B immigrant currently working for another employer?
- Job fears spark water-cooler whispering