Thread regarding Bank of New York Mellon Corp. layoffs

Signing no-sue clause

The sub plan does not require signing the “no-sue” clause. So what is compelling to signing away the ability to sue the firm?

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| 2177 views | | 6 replies (last October 28, 2019) | Reply
Post ID: @OP+11IRRJUl

6 replies (most recent on top)

That's just to mess with your head. Means absolutely nothing, seek free consultation from an attorney.

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Post ID: @2ybu+11IRRJUl

Even if the release agreement said that you are not prohibited from taking legal action, why would you? After everything BNY mellon put us through, do you really think I trust everything that document says? Of course not. I suffered for years at that job so I could one day get a severance when it was time for me to go. I EARNED those sub payments! I'm sure there's a bunch of things I could take BNYM to court for regarding my employment, but why would I do that? All my sub payments would go to lawyers, and court costs. How much money would I get if I were part of a class action lawsuit that was settled against the company? No thank you, its just not worth it. I'm gonna take my hard earned sub payments that I suffered through hell to get, and I'm gonna run far far away from BNYM.

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Post ID: @2psm+11IRRJUl

If you want SUB you cannot file claim without consequence. You not even can speak up or share your opinion with media. You also cannot be witness in case for other person without risk to loose your SUB. I think there a lot of people who was discriminated by nationality, age, gender etc. But they prefer to stay quiet , get their SUB and look forward than fight and get nothing or less than their SUB. This is what bank is count to.

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Post ID: @1rho+11IRRJUl

Well, you do have to notarize it ... and technically (please read the release!!!) there is language that says although you are not precluded from filing a discrimination lawsuit, signing the release allows to claim back any award.

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Post ID: @1wpj+11IRRJUl

Where did you hear that? I know 5 who were let go and they said nothing like that.

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Post ID: @rja+11IRRJUl

You have to sign it in the presence of a notary and they have to stamp it or you don’t get your sub payments.

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Post ID: @wzt+11IRRJUl

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