'This situation of cover up and lying isn’t acceptable'.
Bloomberg News reports that Adrien Tutenuit, who worked in FX sales, was seeking nearly half a million euros in the wrongful dismissal lawsuit, which was rejected by the Paris Employment Tribunal, according to the full written ruling in the case released by the court last week.
Tutenuit’s troubles at Bank of America’s Merrill Lynch Capital Markets unit in France started when he negotiated a signing bonus that the bank believed was designed to make up for deferred compensation he lost when he left JPMorgan. Merrill later discovered that Tutenuit, who had a base salary of more than 200,000 euros a year, had been fired and was still receiving some payments from JPMorgan, according to the lawsuit.
“During our interview on July 2, 2013, you admitted having voluntarily hidden the reasons for your departure and the fact that you were still owed this deferred compensation,” Bank of America wrote in a letter dismissing Tutenuit, according to the ruling. “This situation of cover up and lying isn’t acceptable given your responsibilities and your seniority.”
While Tutenuit lost most of his requests for damages that totaled 474,000 euros, he was awarded about 7,100 euros that the court said he was owed for paternity leave during his notice period.
He will appeal the ruling, but Tutenuit said that the process has taken its toll. He was out of work for two years and now makes a fraction of what he did in the finance industry.
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