United States

Top Wall Street bankers say firm botched $10M compensation payment

Two top Wall Street dealmakers say they were snookered into a four-year legal battle over $10 million in back pay — only to learn from the New York Post that they were legally entitled to that money years ago. The bankers, Michael Kramer and Derron Slonecker, say their former employer, Perella Weinberg Partners, and its lawyers at Weil, Gotshal & Manges engaged in “misconduct” by failing to disclose that they had botched their compensation back in 2011, according to a letter filed in New York State Supreme Court. It’s the latest twist in a case that has also led to finger-pointing between Perella and Weil — with Weil recently asking to bow out of representing Perella after expelling the bank from its cafeteria. As The Post ...