Supreme Court of California

In a putative class action against Citigroup by its former employees challenging the company's forfeiture provision of a voluntary employee incentive compensation plan (Plan) upon termination in violation of Labor Code section 201 and 202, the judgment of the court of appeals granting Citigroup's motion for summary judgment is affirmed as the company Plan's forfeiture provision does not run afoul of sections 201 or 202 because no earned wages remain unpaid upon termination for cause or resignation.

Appellate Information

• Decided 11/02/2009
• Published 11/02/2009

Judges

• MORENO, J.

Court

• Supreme Court of California

Counsel

• For Appellant:
  
• Law Offices of Ashley D. Posner, Ashley D. Posner and Barbara Brudno, Sherman Oaks, for Plaintiff and Appellant.


• For Appellees:
  
• Skadden, Arps, Slate, Meagher & Flom, Raoul D. Kennedy, Joren S. Bass, Joan Shreffler, Douglas B. Adler, Seth M. Schwartz, Jeffrey W. McKenna, San Francisco, William P. Frank, Preeta D. Bansal and Sarah E. McCallum, for Defendants and Respondents., Ira Hammerman, Kevin Carroll;  Morgan, Lewis & Bockius, Sam S. Shaulson, Thomas M. Peterson, Carrie A. Gonell, Irvine;  National Chamber Litigation Center, Inc., Robin S. Conrad and Shane B. Kawka for Chamber of Commerce of the United States of America and Securities Industry and Financial Markets Association as Amici Curiae on behalf of Defendants and Respondents.