Nomura Appeals Tokyo Court Ruling on Employee Fired for E-Mails

Nomura Holdings Inc. appealed against a Tokyo court ruling that it must reinstate a senior employee who was wrongfully dismissed from its Japanese brokerage unit in 2012.

Nomura Securities Co. was ordered by the Tokyo District Court to honor its employment agreement with Seth Friedman, a managing director, and pay him more than 100 million yen ($830,000) in lost salary plus interest, according to a court judgment on Aug. 28 seen by Bloomberg.

Kenji Yamashita, a spokesman for Nomura, confirmed that the appeal to the Tokyo High Court was filed. Attorneys for Friedman weren’t immediately available to comment.

Friedman, who joined Nomura in May 2008 and worked in electronic trading, was fired for breaching company rules that prohibited employees from sending data files to their private e-mail accounts, the court document showed. Nomura had no reasonable grounds for dismissing Friedman, the district court said in the ruling.

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