Deutsche Bank Wins Bid to Throw Out Ex-Trader’s Bonus Suit
- Paturel has $7.6 million bonus lawsuit thrown out in U.K.
- Paturel received $6.3 million in bonuses in 2008 and 2009
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Deutsche Bank AG won a bid to have a lawsuit filed by an ex-trader seeking a 5 million-pound ($7.6 million) bonus thrown out by a London judge who said the case had no “real prospect of success.”
Yves Paturel, who was fired during probes over the manipulation of Libor rates, filed a claim that suggested Deutsche Bank should’ve "mirrored" bonus payments given to more senior or successful colleagues, Christopher Jeans, the bank’s lawyer, said in court documents in the case.