Jefferies Wins Case Against Banker Who Ditched New $10 Million Job [BNN Bloomberg (Canada)]
Banco Santander, S.A. Sponsored ADR (Spain) (SAN)
US:NYSE Investor Relations:
santander.com/csgs/satellite/cfwcsancomqp01/en_gb/corporate/shareholders-and-investors.html
Company Research
Source: BNN Bloomberg
Although the appeals court in California signaled the decision wasn't meant to be taken as a precedent, it may still be seen a win for Wall Street's increased use of so-called breakup fees. The Jefferies provision centers on what's known in contract law as “liquidated damages,” a predetermined amount of money that a party must pay it if fails to meet a commitment. Dean Decker, who at the time was an investment banker at Credit Suisse Group AG focused on casinos and real estate, signed an agreement to accept a $10 million job offer to join Jefferies in early 2017. Just days later, Decker renegotiated his deal with Credit Suisse for more money and a new title. Jefferies then sought to collect $4 million from Decker under the agreement. Read More: Bankers Hit With Millions in Breakup Fees for Ditching New Jobs Decker, who asked the appeals court to throw out an arbitration award favoring Jefferies, argued the fee was tantamount to ransom because it interfered with his ability to w
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News
- Lowey Dannenberg, P.C. is Investigating Banco Santander, S.A. (“Banco Santander”) (NYSE:SAN) for Potential Violations of the Federal Securities Laws and Encourages Investors with more than $100,000 in Losses to Contact the FirmGlobeNewswire
- MG Motor UK extends finance alliance with Santander [Yahoo! Finance]Yahoo! Finance
- Banco Santander, S.A. (NYSE: SAN) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Argentines Flock to Banks as Mortgage Market Awakens Under Milei [Yahoo! Finance]Yahoo! Finance
- Argentines Flock to Banks as Mortgage Market Awakens Under Milei [BNN Bloomberg (Canada)]BNN Bloomberg
SAN
Earnings
- 5/1/24 - Miss
SAN
Sec Filings
- 5/17/24 - Form 6-K
- 5/16/24 - Form CB/A
- 5/16/24 - Form 6-K
- SAN's page on the SEC website