Ex-Citi traders sue for unfair dismissal

Torn Dollar

Four former Citigroup Inc. currency traders are suing the bank for unfair dismissal after they were let go amid a global probe into foreign-exchange rate rigging.

Bloomberg News reports that Carly McWilliams, Perry Stimpson, David Madaras and Robert Hoodless have all filed claims in a London employment tribunal, according to the court. The group have hearings scheduled between August and November, a court spokeswoman said.

At least 30 traders at a number of banks have been fired, suspended or put on leave in the last two years after it emerged the world’s biggest lenders had attempted to collude to rig currency benchmarks. 

The Financial Times was first to report the lawsuits.

Hit the link below to access the complete Bloomberg article:

Four Ex-Citigroup Currency Traders Sue Bank for Unfair Dismissal

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