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Dispute Resolution Keyed to Goldberg, 7th Ed.
Halligan v. Piper Jaffray, Inc.
Citation:
148 F.3d 197 (1998)Facts
Theodore Halligan was hired by Piper Jaffray in 1973 as a salesman of equity investments to financial institutions. As a condition of employment, he was required to sign an agreement to arbitrate future disputes. After Tad Piper became CEO in 1988, Halligan alleged he was forced from his job in December 1992 despite his continuing high performance. At the time of his departure, Halligan was making nearly $500,000 per year and ranked fifth out of 25 institutional salesmen, having been ranked first from 1987 through 1991. During arbitration, Halligan presented substantial evidence of age discrimination, including testimony about discriminatory statements made by Tad Piper and other executives. Halligan testified that Tad Piper told him “you’re too old. Our clients are young and they want young salesmen.” Piper claimed Halligan voluntarily retired, but Halligan refused to provide a resignation letter, declined a retirement party, and refused to write to clients saying he was retiring. After Halligan’s departure, his accounts were assigned to two younger men.
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