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A former CEO of a global pharmaceutical company has lost his appeal of a ruling throwing out a lawsuit he brought against his former employer after he was terminated in the wake of accusations that he harassed staff and using a syringe to stab multiple employees.
Macquarie Bank is challenging a ruling that it pay $330,000 in pecuniary penalties after it was found to have underpaid a group of former financial advisers because of a "defective and deficient" payment system.
Macquarie Bank has been ordered to fork out $330,000 to dozens of former advisers for a "defective and deficient" system which saw the bank fail to pay a raft of employment entitlements.
Former Macquarie Bank financial advisers who claimed their commission pay structure left them shortchanged have won their case for back pay for annual and personal leave, in the first decision in a group of cases against the wealth manager.