Date: 09-17-2001

Case Style: Milton Riseman v. Advanta Corp.

Case Number: Unknown9/17/01

Judge: Anita B. Brody

Court: United States District Court for the Eastern District of Pennsylvania

Plaintiff's Attorney: John M. Elliott, Adam B. Krafczek Jr. and Mark J. Schwemler of Elliott Reihner Siedzikowski & Egan, Blue Bell, Pennsylvania

Defendant's Attorney: Robert Goldich of Wolf Block Schorr & Solis-Cohen, Philadelphia, Pennsylvania

Description: Age Discrimination in Employment Act and Retalization Claims - Plaintiff, the former President and CEO of Advanta Mortgage Corporation, claimed that he was terminated because of his age or, in the alternative, for filing an age discrimination claim. Plaintiff started working for Defendant in 1992 at age 55. At the time that he says he was forced out, at age 62, he was earning $385,000 plus bonuses that sometimes doubled or even tripled his pay.

Outcome: The jury then awarded Riseman about $3.9 million in damages and found that about $1.3 million of that amount was for Riseman's "backpay." It also found that the company had illegally withheld more than $2.5 million in wages in violation of the Pennsylvania Wage Payment and Collection Law.

Plaintiff's Experts: Unknown

Defendant's Experts: Unknown

Comments: None