A former JPMorgan Chase currency salesman is fighting his dismissal for a second time after the U.S. bank overturned a verdict in his favor last year, as the fallout from the global foreign-exchange manipulation scandal drags on.
Bloomberg News reports that Patrice Ktorza, 45, a former executive director at the U.S. bank, began a retrial of his unfair dismissal suit at a London employment tribunal Tuesday. After winning the case in 2016, an appeals court reversed the decision in May on the basis that the original judge to a “significant extent started from his own findings of fact and opinions.”
The tribunal heard on Tuesday from Scott Wacker, the bank’s former head of FX sales for EMEA, who wasn’t at the original trial. Wacker said he conducted training on the bank’s FX policies, which included the practices at issue in Ktorza’s case, in April and May 2014.
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