Jefferies analyst claims firm cut bonus in discrimination lawsuit

A Jefferies analyst and Managing Director said in a disability discrimination lawsuit that his bosses tried to force him to quit by cutting his bonus and fabricating charges of gross misconduct after he was diagnosed with leukemia.

Bloomberg News reports that Milan Radia, who still works for the investment bank in London, received a “highly disappointing" bonus of $239,000 in 2010 after he spent seven months of the year away from work recovering from the disease, according to his witness statement at an employment tribunal Monday. He says the bank investigated him for misusing non-public information and front running.

The "unjustified bonus outcome in the face of my extraordinary effort during" 2011 was an attempt “to encourage my departure from the company," Radia said in his statement. "I consider this to be a case of continued discrimination following the previous year’s reduction in bonus due to my absence from the office during treatment for leukemia."

Jefferies says the suit has no merit, just like another high-profile, yet unrelated, case it prevailed in last year.

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

Jefferies Analyst Says Bank Cut Bonus After Leukemia Battle

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