BofA trader claims she was fired on hypocritical pretext

The Bank of America manager who fired Sunny Tadjudin 'hypocritically' used the pretext she failed to share information, her lawyer said on the last day of a trial over her claim for bonuses of $3.7m.

Bloomberg News reports that John Liptak knew Tadjudin, who worked for the bank’s Asian distressed-debt trading group, would not get a bonus for 2007 when he put her on a performance plan, her lawyer Graham Harris said in the Hong Kong High Court Tuesday. The plan was an instrument for termination, not improvement, Harris said.

Liptak, who no longer works for the bank, denied engineering Tadjudin’s firing. She was fired after failing to meet 100 percent of the goals in her improvement plan, Liptak testified. Bank of America denied her claims that she was deprived of bonuses she was entitled to expect for 2005 and 2006 after irrational and arbitrary performance ratings.

Hit the link below to access the complete Bloomberg article:

BofA Fired Trader on Hypocritical Pretext, Lawyer Says

SocGen Profit Beats Estimates on French Consumer Banking

image: © Torpe

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News