Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. NASDAQ OMX GlobeNewswire Message Board

Console Mattiacci Law Wins 51.56 Million Dollar Ju

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 301275
(Total Views: 253)
Posted On: 01/27/2017 4:30:23 PM
Avatar
Posted By: News Desk 2018
Console Mattiacci Law Wins 51.56 Million Dollar Jury Verdict

CAMDEN, N.J., Jan. 27, 2017 (GLOBE NEWSWIRE) -- In the evening hours on January 26, 2017, after a four day trial, a federal jury in Camden, New Jersey rendered an age discrimination verdict in favor of Robert Braden and against Lockheed Martin in the amount of $51,560,000.  The verdict included a punitive damages award pursuant to the New Jersey Law Against Discrimination in the amount of $50,000,000.  Plaintiff's trial counsel were Rahul Munshi and Emily R. Derstine Friesen of Console Mattiacci Law, LLC.  The verdict is one of the largest ever obtained by an individual plaintiff in an age discrimination case.  At the time of his layoff, Mr. Braden was 66 years old, and had worked at Lockheed Martin for approximately 29 years.

The case involved a reduction in force which Mr. Braden claimed was an effort by Lockheed Martin to target older workers in a scheme to lay them off and replace them with younger workers.  The jury of eight unanimously agreed, awarding Mr. Braden all of the economic loss he sought ($520,000), concluding that the action was willful (which adds liquidated damages of $520,000, pursuant to the Age Discrimination in Employment Act), and further awarding Mr. Braden pain and suffering damages of $520,000.  The jury later concluded that Lockheed Martin was subject to punitive damages in the amount of $50,000,000.  Stephen G. Console, a founding partner of Console Mattiacci Law, LLC, commented about the verdict:  “The jury sent a loud and clear message to corporate America: no company is too big to follow the civil rights laws of this amazing country of ours.  This is a verdict that should make every employee in this country proud and happy.”

Console Mattiacci Law, LLC is an employment rights law firm with offices in Philadelphia, Pennsylvania and Moorestown, New Jersey. Since its inception in 1990, the firm has focused its practice on the representation of current, former and potential employees concerning work-related matters. The lawyers at Console Mattiacci Law, LLC counsel whistleblower-employees who have been retaliated against and individuals who have been victimized by illegal employment discrimination and retaliation, including sex, race, religion, disability and age discrimination and sexual harassment at work. They also represent employees concerning medical leaves, disability benefits, wage and hour claims, employment contracts, severance agreements, stock option plans, and class action lawsuits. For more information visit: www.consolelaw.com or call Console Mattiacci Law, LLC at 215-545-7676.

Media contact is Rahul Munshi @ munshi@consolelaw.com   215-545-7676



(0)
(0)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us