1. Get over it. 2. Get over it. UK judges couldn’t give less of a fuck.

Fired bankers suing for unfair dismissal and unpaid bonuses have found little success at London’s specialty employment courts as continuing anger over the financial crisis has left judges unsympathetic. The adverse decisions from the U.K. Employment Tribunal come after London bankers had a run of legal successes with courts ruling they were entitled to large bonuses written into contracts before the economic downturn. The latest round of cases have largely been based instead on wrongful termination, where the banks have been able to make stronger arguments. A former JPMorgan Chase banker, fired for mispricing aluminum trades, discovered the new reality the hard way Oct. 17, when a London judge threw out his suit for not properly explaining how “a large number of errors” he made benefited his trading book by about $400,000. Other claims tossed this year involved securities manipulation and threats from colleagues. “In the current climate there is little sympathy for bankers,” said Andreas White, an employment lawyer at Kingsley Napley LLP in London. “Banking is the only industry where claimant employees are even less popular” than their bosses.

Fired Bankers’ Lawsuits Fail as Judges Tire of Bonus Claims [Bloomberg]

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Comments (9)

  1. Posted by guest | November 6, 2012 at 2:13 PM


  2. Posted by HAM05 | November 6, 2012 at 2:14 PM

    so bank bosses:claimant employees | pimps:ho's?

  3. Posted by WeeWah | November 6, 2012 at 2:18 PM

    I'm falling…….You're Falling……We're falllling………..WHALE!!!!

  4. Posted by Guest | November 6, 2012 at 2:19 PM

    Well, here we prefer the term 'value pyramid scheme,' but, to each his own.

    -UBS Corporate Strategist

  5. Posted by Stephen A Smith | November 6, 2012 at 3:14 PM

    Barcley > Moses Malone

  6. Posted by Ghost of Laxbro | November 6, 2012 at 3:45 PM

    I think you meant:


    — ABN AMRO Spelling Quant

  7. Posted by Guest | November 6, 2012 at 7:01 PM

    It's aluminium!

  8. Posted by guest | November 7, 2012 at 6:39 AM

    B52's song?

  9. Posted by guest | November 7, 2012 at 6:39 AM

    Rock Lobster!