Deutsche Bank sued by fired trader

Pointing Finger

Deutsche Bank sought to throw out allegations of wrongdoing by 'senior individuals' at the bank that are part of a London employment lawsuit filed by a trader fired over her involvement in Libor manipulation.

Bloomberg News reports that Shivani Mathur, a trader dismissed at the request of regulators amid the Libor-rigging scandal, submitted a 70-page document to the London employment tribunal containing allegations that are too old to be considered, said Christopher Jeans, a lawyer for Deutsche Bank.

The witness statement, which hasn’t been released, spells out claims she suffered sexual discrimination and was punished for blowing the whistle on corporate misconduct, according to court records.

'What’s happening here is that the claimant is bringing an ‘in-time’ claim in relation to her dismissal and wanting to use it as a vehicle for complaining about a huge list of historic events', Jeans said Thursday. 'There is a world of difference between focusing on the dismissal and the reasons for it and any immediate surrounding events and one in which goes into a whole history of matters which over many years she chose not to pursue'.

Mohinderpal Sethi, a lawyer for Mathur, said though allegations spanned 'a number of years', they form the basis of the 'bank’s motivation to fire her'.

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

Deutsche Bank Sued by Trader Fired Over Libor Manipulation

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