clawback clawback

Definition(s):

  • (n) finding a way to take money back from people that they were given in another way

News

  • Law Firm Sued After Client Loses All to Pin-Up Ex-Wife

    On the advice of his attorney, James Greiff, facing a $2 million clawback suit from the trustee in the Bernard Madoff Ponzi scheme case, agreed to place all his assets in his wife's name. Lana Landis, who is a pin-up model, filed for divorce three months later. Now Greiff is suing Becker & Poliakoff, which has denied the allegations.
    on July 18, 2013     Source: Law.com

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definition of clawback

Quotes

  1. "Remuneration has got to be based on long-term success, not short-term speculative deals," Brown tells today's Financial Times. "There's got to be a clawback system in remuneration itself : if things are not working in year two."
    on Aug 31, 2009 By: Gordon Brown Source: guardian.co.uk

  2. "We've got a GST clawback that adds no new money to the system (and) we've got a health system that's proposed to be run out of Canberra," Mr Brumby said. "It is for those two fundamental reasons that Victoria cannot and will not support the...
    on Apr 13, 2010 By: John Brumby Source: Sydney Morning Herald

  3. "This so-called Medicare 'clawback' formula, whereby states are called on to fund a benefit offered by the federal government, will have some states like Texas wallowing in red ink for several years," Abbott said.
    on Mar 3, 2006 By: Greg Abbott Source: Dallas Morning News

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