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Agreement between Chase & the FDIC specifically excludes the right to a legal defense for prior WAMU employees Options
Ginger
Posted: Thursday, March 11, 2010 10:27:54 AM
Rank: Newbie
Groups: Member

Joined: 3/11/2010
Posts: 1
Location: California
Does anyone have any information on this topic? The right to a legal defense from one's employer for actions performed within the normal scope of one's duties as an employee is a right that all employees have. However, within the agreement between Chase & the FDIC, this responsibility is specifically excluded leaving all former employees vulnerable to having to defend themselves personally. Chase is denying all responsibility based on their agreement with the FDIC & the FDIC is also denying responsibility. Would appreciate some feedback as to whether or not anyone has looked into this issue which could potentially impact many thousands of former WAMU employees - who of course helped to create the assets & good will that Chase acquired. Was/is it legal to have specifically excluded this responsibility?
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