Goldman, Sachs & Co. lost a $7.6 million arbitration award this month for wrongfully firing two financial advisers in its Los Angeles office. The Financial Industry Regulatory Authority’s ruling was the largest wrongful-discharge arbitration award against Goldman Sachs in a case involving a financial adviser, according to R. Rogge Dunn, a partner at Dallas-based Clouse Dunn.
He brought the claim on behalf of Christopher Barra and Luis Sampedro. The clients worked as a team and were fired together in 2007 after Barra went on active duty with the U.S. Army Reserve.
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