Bloomberg News reports that Venky Vishwanathan, a former co-head of Asian corporate finance, has a September. 28 hearing at a London employment court, according to court records. Vishwanathan was placed on leave last year after alleged misselling by a group of employees he helped oversee, people familiar with the situation said at the time. He didn’t immediately respond to a request for comment via his Linkedin page.
Compensation at London’s employment tribunals is capped at about $107,000 unless claimants can prove they were victims of discrimination, or were fired for whistle-blowing. The courts are being frequented by a growing number of traders in recent months seeking to have allegations of misconduct overturned.
A Deutsche Bank spokesman declined to comment. The court documents in London identified the plaintiff as V. Vishwanathan.
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