FOX Business Network’s (FBN) Charlie Gasparino and Courtney Crawford report that “One of Wall Street’s top corporate restructuring experts is threatening to go to war with investment banking titan Joseph Perella over an estimated $100 million in compensation.” Gasparino went on to report, “Michael Kramer and his team were fired from Perella Weinberg in February 2015 for allegedly violating their employment agreement” and that “he believes the firm owes him about $70 million and three members of his advisory group around $30 million in compensation that has been improperly withheld since their ouster.”

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Michael Kramer Threatening To Go To War With Joseph Perella For $100 Million

On Michael Kramer threating to go to war with Joseph Perella for $100 million:

“One of Wall Street’s top corporate restructuring experts is threatening to go to war with investment banking titan Joseph Perella over an estimated $100 million in compensation he says Perella’s banking boutique owes him, the FOX Business Network has learned. Michael Kramer and his team were fired from Perella Weinberg in February 2015 for allegedly violating their employment agreement, but according to people with knowledge of the dispute, he believes the firm owes him about $70 million and three members of his advisory group around $30 million in compensation that has been improperly withheld since their ouster. In recent weeks, Kramer’s attorneys have been negotiating with lawyers for the firm about the money, and have made it clear during these discussions that they are planning to file a lawsuit against Perella Weinberg if the money isn’t paid in the near future, according to sources close to the parties.”