- $13,000,000 (plus interest from the date of the award until the award is paid in full) in compensatory damages against Baird
- $4,580,486 in attorneys' fees and consulting fees expended by Gleacher in the matter against Baird
- $50,000 (plus interest from the date of the award until the award is paid in full) in compensatory damages against each of five former employees of Gleacher.
Gleacher & Company, Inc. (OTC Pink: GLCH) (the "Company") announced today that the arbitration panel hearing the claims brought by the Company's former principal operating subsidiary, Gleacher & Company Securities, Inc. ("Gleacher"), against Robert W. Baird & Co. ("Baird") and a group of former employees arising from unfair competition, solicitation and other conduct, among other matters, had rendered a decision in favor of Gleacher. In accordance with the rules of the Financial Industry Regulatory Authority ("FINRA"), the claims were adjudicated by an independent arbitration panel. The arbitration panel awarded Gleacher approximately $17.8 million consisting of the following: