Marciano exercised poor judgment in his communications with models and photographers and in placing himself in situations in which plausible allegations of improper conduct could, and did, arise," the filing says. Erickson, trying to put an end to the sexual harassment testimony. The law firm Carlton Fields Jorden Burt published a survey of companies last year showing that 30 percent had arbitration clauses that precluded class actions, up from 16 percent in — the year after a key Supreme Court ruling that made it easier for companies to thwart class-action suits. Think of something interesting to say at dinner tonight. According to the filing, "many of the allegations could not be corroborated" or no conclusion could be reached because accusers did not want to be interviewed or both sides provided credible evidence. The form not only confirmed Marciano stepped down, but also detailed the allegations against him. The boss makes how much? Nonetheless, consideration should be given to the necessity of such disclosure. Paul Marciano entered into non-confidential settlement agreements resolving claims of five individuals arising out of allegations of inappropriate conduct by Mr. BrokerCheck Whether they are Main Street investors or Wall Street employees, women have an interest in knowing if a man in the industry has a history of sexual harassment. His Grand Rapids lawyer, Mary A. We found that even harassment victims who win a case before FINRA can come away feeling overwhelmed and disheartened. The company filed an 8-K form with the SEC, a requirement to announce major news to shareholders. Additionally, disclosure of a matter such as sexual misconduct requires more generalized disclosure so as not to name the victims involved which may lead to greater investor confusion. Federal securities law should not impose an obligation on a company to speculate on the outcome of internal allegations alone or what the likelihood of liability may be, especially with the risk of re-evaluation in hindsight. We identified one case in which a broker who failed to disclose arrests and charges related to alleged sexual abuse got off with only a suspension.