Former Centerview banker sues company over pay dispute records

Exterior view of the building in which boutique investment bank Centerview Partners has leased office space in Paris, France January 24, 2020. REUTERS/Maya Nikolaeva/File Photo

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Aug 5 (Reuters) – David Handler, a veteran banker who set up the technology consulting business Centerview Partners, has filed a lawsuit against his former employer for documents that would help determine how much he should have earned.

The lawsuit, filed this week in the Delaware Court of Chancery, came after Handler launched his own technology-focused mergers and acquisitions advisory firm in Silicon Valley.

Handler is seeking access to Centerview’s books and records, including the company’s financial statements from 2008 to 2022, so he can determine his just compensation, according to the lawsuit.

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Centerview co-founders Blair Effron and Robert Pruzan offered Handler an “oral” deal in 2012 that changed the amount he was entitled to as a partner, Handler’s lawsuit says. Handler had been given the terms of his employment in writing when he joined Centerview in 2008, according to the complaint.

He began requesting financial information about Centerview earlier this year after Effron and Pruzan asked him to come up with a new arrangement to replace their oral agreement, in an attempt “to try to force Handler out,” according to the report. complaint.

Handler sued Centerview after he denied his partner status and refused to provide the information he sought, the complaint states.

“We respectfully disagree that David Handler has any claim to the books and records he requests, and we will defend our position,” a Centerview spokesperson said in a statement.

A Handler spokesperson declined to comment.

Handler joined Centerview in 2008 from UBS Group AG (UBSG.S) and ran its technology investment banking practice on the West Coast, advising top-tier clients including Cisco Systems Inc (CSCO.O) and Qualcomm Inc..

Earlier this week, Handler launched a new Palo Alto, Calif.-based M&A advisory firm, Tidal Partners, with his former Centerview colleague David Neequaye.

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Reporting by Krystal Hu in Los Angeles Editing by Matthew Lewis

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