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Former employee of Frost files lawsuit against bank, accusing them of retaliation and conspiracy

Two ex-colleagues of Chad Jones, a previous investment advisor at the bank, allegedly worked together to fabricate a misleading tale and conceal their alleged incompetence from internal examination.

Former employee of Frost files lawsuit against bank, accusing them of retaliation and conspiracy
Former employee of Frost files lawsuit against bank, accusing them of retaliation and conspiracy

Former employee of Frost files lawsuit against bank, accusing them of retaliation and conspiracy

In a recent development, a lawsuit has been filed against Frost Bank by a former employee, Chad Jones. The lawsuit alleges a series of financial and labor violations that have exposed the bank and its clients to "serious financial liability."

Jones, who worked at Frost Bank as an investment adviser from March 2017 to February 2025, claims that he was repeatedly silenced, scapegoated, and denied a fair investigation. He alleges that the bank navigated around overtime payments, did not make appropriate retirement contributions, failed to address human resource complaints, and discriminated against him. As a result, Jones lost commission and earnings due to misclassification and discriminatory assignment of referrals.

The lawsuit further contends that senior personnel within Cullen/Frost Bankers, Inc. attempted to sabotage a high-performing employee, falsify internal records, mislead regulators, and betray the trust of clients. Two Frost employees, Erik Jackson and Cheryl Johnson, are named in the lawsuit. Jones claims that Jackson failed to follow bank protocol by leaving cashier's checks in unlocked drawers and subsequently losing them.

Jones also alleges that Frost Bank did not properly handle overtime payments, a claim supported by news articles and legal reports, such as those from MySA. He was denied reimbursements for work-related expenses.

As the case progresses, it is essential to stay informed. Here are some steps to obtain more information:

  1. Review Public News Sources: Check news articles and legal reports for updates on the lawsuit. Websites like MySA have reported on legal issues involving Frost Bank, including a case involving a former employee who alleges the bank violated his rights by avoiding overtime pay and discrimination.
  2. Legal Databases and Court Records: Visit online legal databases such as PACER (Public Access to Court Electronic Records) or state-specific court records. These platforms provide access to court documents, including complaints and court filings related to the lawsuit.
  3. Contact Parties Involved: Reach out to the plaintiff's lawyers or the legal team representing Frost Bank. They may provide additional details or direct you to where you can find more information.
  4. Follow Legal Forums and Discussion Boards: Websites like TheLayoff.com feature discussions about employment and legal issues involving companies, including past lawsuits.
  5. Public Company Reports: Frost Bank's parent company, Cullen/Frost Bankers Inc., may address legal proceedings in their quarterly or annual reports. Check their investor relations page for such documents.

For specific details about unlawful retaliation, defamation, and malicious conspiracy allegations: - Retaliation: Look for instances where employees have been demoted, fired, or otherwise penalized for reporting violations. - Defamation: Check if there are claims of false statements made about individuals involved in the case. - Malicious Conspiracy: Investigate if there are allegations of coordinated actions to harm someone's reputation or well-being.

Remember, some information may not be publicly available due to legal restrictions or the nature of ongoing litigation. Frost Bank has declined to comment on pending litigation. Jones has requested $5 million in compensatory damages, unspecified monetary amount in liquidated damages related to unpaid wages, punitive damages for willful and malicious misconduct, injunctive relief, and cost of lawsuit and attorney's fees.

As the case unfolds, more details are expected to emerge, shedding light on the alleged misconduct within Frost Bank. Stay tuned for updates.

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