A Hong Kong judge has ordered American investment bank Jefferies Group to fork over a giant chunk of money to one of its former traders.
In December 2010, a company newsletter containing a link to an offensive Hitler parody video was accidentally distributed and Jefferies blamed trader Grant Williams for the mistake. The day after the newsletter went out, Jefferies fired Williams. Williams, who claimed he wasn’t to blame for the newsletter distribution mistake, sued Jefferies.
Last month, Deputy High Court Judge Conrad Seagroatt in Hong Kong sided with Williams, calling Jefferies’ firing of the trader “hypersensitive” and “irrational.” He awarded the former trader $1.86 million, including salary and bonuses he should have received between June 2011 and July 2013.
For more recent InsideCounsel stories about labor and employment, see:
DOL proposal could force choice between confidentiality and compliance
10th Circuit: For-profit corporations have religious rights
Court says Starbucks baristas may pool tips
Lawyers ask for arbitration in high profile discrimination case
7-Eleven owners exploited illegal workers