Securities Sales Executive Alleges Wrongful Termination in Favor of Younger Staff

61-year-old securities sales executive Kevin Campbell has taken a stand against alleged age discrimination, filing a lawsuit against Massachusetts-based Easterly Capital LLC in a Colorado federal court.

Campbell's lawsuit asserts that Easterly Capital LLC terminated his employment based on age, a violation of anti-discrimination laws. The heart of his claim lies in the allegation that the company opted for two replacements who were "significantly less experienced" than him, exacerbating the apparent discriminatory nature of his dismissal.

During his nearly decade-long tenure as a wholesaler and sales executive for James Alpha, which was purchased by Easterly Capital in 2020, Campbell consistently demonstrated his value to the firm. His gross sales figures, often reaching into the tens of millions of dollars, speak to his proficiency and success in the role. Notably, his only year of negative net sales coincided with the global economic uncertainty brought about by the COVID-19 pandemic in 2020. However, Campbell argues that this downturn was not unique to him, as five out of nine wholesalers at the company also experienced negative net sales that year.

Easterly brought on board two younger and less experienced wholesalers to assume Campbell's responsibilities. One, a man in his early 30s, took charge of the Colorado, Arizona, New Mexico, and Utah region, while another individual handled Wyoming and Montana, as detailed in the lawsuit.

The ADEA and Campbell's Case

Age discrimination in the workplace is strictly prohibited under various federal and state laws, including the Age Discrimination in Employment Act (ADEA). The ADEA protects employees aged 40 and older from discrimination based on age in hiring, promotion, discharge, compensation, or terms, conditions, and privileges of employment.

Campbell's case underscores the importance of scrutinizing employment decisions that seem to disproportionately impact older workers. If proven, age discrimination could not only result in legal consequences for Easterly Capital, but also shed light on broader systemic issues within the company.

If you suspect age discrimination in your workplace, including hiring or termination decisions, you should consult with an attorney. For insights into age discrimination and to initiate your claim, reach out to a reputable whistleblower lawyer at the Kardell Law Group now.