Wealth Management Firm Illegally Fired Workers, Labor Board Says

Jan. 10, 2024, 10:35 PM UTC

A wealth management firm in Pennsylvania violated federal labor law by firing two investment analysts who asked for raises after seeing company payroll information, the National Labor Relations Board ruled.

Vesta VFO LLC’s shifting reasons for firing the two workers—brothers Andrew and Nicholas Definis—partially show that those explanations were pretext for illegal terminations, the NLRB said in its decision Wednesday.

The company told the brothers during their discharge meeting that that their use of payroll information to request raises triggered their termination, providing even more evidence of unlawful company conduct because it links their protected activity of seeking more pay ...

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