Deutsche Bank says ex-trader's bonus suit should be thrown out

Gavel

An ex-Deutsche Bank trader seeking a $7.6m bonus should have his 'hopeless' case thrown out before it gets to trial, lawyers for the bank said.

Bloomberg News reports that the claim filed by Yves Paturel is 'extraordinary' because he suggests the bank should’ve 'mirrored' bonus payments given to more senior or successful colleagues, Christopher Jeans, the bank’s lawyer said Wednesday in court documents prepared for a London hearing, where it will ask for the case to be dismissed.

Paturel received bonuses of $1.82m in 2008 and $4.5m the following year 'at the height of the financial crisis', Jeans said. 'These were the highest discretionary awards given to any trader at the claimant’s level on the London money market derivatives desk in each of the years'.

To access the complete Bloomberg News article hit the link below:

Deutsche Bank Says Ex-Trader's $7.6 Million Bonus Suit Hopeless

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