Ex-Citigroup FX trader to challenge dismissal

Gavel

A former Citigroup foreign exchange trader is to challenge his dismissal at a London court on Tuesday, potentially the first of many such cases in the wake of the currency market rigging scandal.

Reuters reports that Perry Stimpson, who was an FX trader on Citigroup's London desk until November 2014, has filed a claim against the bank for unfair dismissal at the East London Employment Tribunal.

The hearing is scheduled to last through to the end of the week.

Stimpson was dismissed for what the bank said was misuse of electronic communications tools, according to people familiar with the matter. He is expected to say he used the tools in line with the bank's rules and more senior staff used them in the same way and knew how they were being used, the sources said.

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Former Citi FX trader set to challenge dismissal in London court

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