A former associate at hedge-fund large D.E. Shaw Group was awarded $52 million by an business arbitration panel, which decided that the agency and 4 of its high executives defamed him by suggesting his departure from the hedge fund was associated to sexual misconduct.
In 2018, Daniel Michalow filed a complaint with the Monetary Business Regulatory Authority looking for $600 million in misplaced wages and different damages, in addition to a “corrective statement” from D.E. Shaw. Mr. Michalow didn’t obtain the assertion from the agency, however the award is a file for a Finra case during which a member of the monetary companies business filed a grievance towards his employer.