The Advisors' Blog

This blog features wisdom from respected compensation consultants and lawyers

February 6, 2015

Faruqi, Monteverde Partially Liable In Sex Assault Case

Broc Romanek, CompensationStandards.com

I don’t like to blog about the misfortunes of others – or maybe the seedy nature of this news is what disturbs me. But I know folks want to know. Here’s an excerpt from this article:

A New York federal jury on Thursday found Faruqi & Faruqi LLP and partner Juan Monteverde partially liable for creating a hostile work environment in a closely watched sexual assault case that has cast a harsh spotlight on the securities boutique.

An eight-member jury found Faruqi and Monteverde liable on former associate Alexandra Marchuk’s New York City law hostile work environment claims and partially granted her request for damages. She sought $2 million in damages. She was awarded $90,000 plus punitive damages to be determined later.