The plaintiff, a highly successful financial planner, was dismissed for cause by the defendant bank based on allegations of forwarding confidential emails, processing trades before obtaining written authorization, and backdating documents.
The court found the employer's investigation was deeply flawed, biased, and failed to establish just cause for termination.
The employer's bad faith conduct, including filing a regulatory Notice of Termination that falsely claimed the plaintiff was dismissed for cause, effectively ended her career in the financial industry.
The court awarded 16 months' reasonable notice, substantial damages for loss of earning capacity, aggravated damages for mental distress, and punitive damages to punish the employer's reprehensible conduct.
The employer was also ordered to correct the regulatory filing.