Julian Fidler, partner at Synergy Employment Law Solicitors, has secured a victory in the High Court for a former executive against the investment bank and stockbroker, Seymour Pierce.
Malcolm Rutherford's claim was for his 2007 fourth quarter bonus. Seymour Pierce had argued that it was a condition of the bonus payment that Mr Rutherford should be employed and not under notice of termination, and that he had left the company by the time it was due to be paid. Despite this, Mr Justice Coulson ruled that Malcolm Rutherford be paid a bonus of £70,000.
Julian told the Financial Times Newspaper: "The result in this case illustrates an important lesson for City of London financial institutions and indeed other employers."
Full story here.
Monday 15 February 2010
Subscribe to:
Posts (Atom)
Posts
