December 26, 2007 -- Crosby & Higgins LLP has filed a demand for arbitration in New York City, New York on behalf of its client, a former senior level corporate executive for a major international manufacturing concern, alleging numerous contractual, statutory and tort claims arising out of the parties’ employment relationship.  The demand, filed pursuant to the Employment Arbitration Rules of the American Arbitration Association, alleges that the Respondent made numerous fraudulent misrepresentations and omissions and breached the parties’ employment agreement by, among other things, failing to grant the client the amount of equity that was expressly promised and agreed upon, improperly terminating the parties’ employment agreement and failing to pay the contractually agreed upon severance, wrongfully refusing to pay a $1.2 million dollar disability benefit, and creating an abusive and hostile work environment.  The demand seeks damages in an amount to be determined at arbitration but believed to be at least $4.5 million dollars.