| Lincoln Financial Fired
Lesnik After His Wells Fargo Bankruptcy Now He
Names Price Off the Record
By Matthew
Russell Lee, Exclusive Patreon
BBC
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SDNY COURTHOUSE,
Feb 28 -- Jeffrey Lesnik was a
stock broker working for
Lincoln Financial Advisors
Corporation when they fired
him in November 2017, he says
because he had filed a
bankruptcy petition due to
misdeeds by Wells
Fargo.
Jump-cut to
February 28, 2020, when
Lesnik's lawsuit against
Lincoln Financial, reassigned
to Judge Lewis J. Liman, still
relatively new in the U.S.
District Court for the
Southern District of New York,
came up for a status
conference.
Lesnick's
lawyer Seamus P. Barrett of
the Derek Smith Law Group PLLC
said he too might file a
motion for summary judgment.
Judge Liman said, if you want
to spend your client's money
that way.
Barrett replied, We work on a
pure contingency fee basis, so
we only file a motion if we
think we will prevail.
Judge
Liman replied that whether
counsel before him are paid by
the hour or on contingency, he
presumes they have a basis for
the motions they file, under
Rule 11, until he's shown
differently.
Barrett
brought up the possibility of
Judge Liman referring the case
to a Magistriate Judge for
settlement talks. Judge Liman,
with Inner City Press openly
in the otherwise empty
gallery, asked the parties if
they agreed to have the court
reporter stop transcribing.
They did.
Lincoln
Financial's lawyer said her
client is willing to negotiate
but that Plaintiff is asking
for too much. Then she named
the figure, which for now we
omit in this format. More on
Patreon here.
Barrett
replied that his client would
never again be able to make
the $200,000 to $300,000 a
year he had been making at
Lincoln Financial, and so a
multi-million dollar
settlement would not be
unreasonable.
But
Lincoln Financial's lawyer was
implacable. Judge Liman went
back on the record and said he
will not be referring the case
for mediation, or to a
Magistrate Judge. He set a
trial date of May 4, 2020. The
case is Leznik v. Lincoln
Financial, 18-cv-3656
(Liman).
***
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