Rasco Klock Partner Blaine Bortnick, Esq., based in the firm’s New York office, recently achieved a $1.361 million arbitration award against Citigroup Inc., for his client Baris Ozkaptan, a foreign exchange trader. The award is final.
In May 2015, the client was terminated by Citibank in London as part of a global investigation by regulatory bodies around the world in foreign exchange trade. The investigation also entailed numerous other banks. Although the client was not implicated in any wrongdoing as a result of the investigation, Citibank nevertheless terminated his employment and forfeited his substantial deferred compensation. The arbitration was before the American Arbitration Association (AAA).
“This is an incredible win for Blaine against Citigroup,” said Ramón Rasco, Esq., Rasco Klock’s managing partner. “A veteran New York employment practitioner, Blaine has unique expertise regarding compensation agreements and achieves great success for his clients.”
About Rasco Klock
Rasco Klock, a minority-owned law firm, provides well-reasoned, efficient and practical solutions to the diverse business needs of market leading companies and high net worth individuals who invest or do business in South Florida and the Americas. Nearly half of Rasco Klock’s lawyers have been recognized for their legal excellence by independent third parties such as Chambers, Best Lawyers in America, Super Lawyers, and Top Lawyers. Their experience ranges from structuring offshore investment in the U.S. to the day-to-day operations of a going concern, including distribution, licensing, leasing, taxation, government procurement and employment issues.
Its attorneys represent individuals, private and public corporations, and major financial institutions in all aspects of corporate transactions (including mergers, acquisitions, financing, and placements), lending, commercial litigation and arbitration, employment litigation and compensation, bankruptcy and bankruptcy litigation, foreclosures, taxation, trademark monitoring, trademark and trade dress infringement, copyright infringement, false advertising, and infringement of the rights of publicity and internet domain disputes. Led by a joint J.D./Ph.D. in marine biology, they have handled complex environmental cases. They also represent individuals and families domestically and internationally regarding the management, taxation, preservation, and transfers of wealth, as well as the use and administration of trusts and estates.
The New York office is located at 555 Fifth Avenue, 17th Floor; and the Florida office is located at 2555 Ponce de Leon Blvd, Ste 600, Coral Gables. For more information, visit www.rascoklock.com.