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Fired FX Trader's Fight With Citigroup Nets Him $82,000

  • London judge refuses to reinstate trader Perry Stimpson
  • Stimpson's was among first FX cases at London tribunal
Updated on

Former Citigroup Inc. currency trader Perry Stimpson was awarded 58,774 pounds ($82,000), less than half his annual salary, after winning a lawsuit claiming he was unfairly fired during an investigation into allegations of market rigging.

The London court refused to give Stimpson, a 25-year veteran of the bank, his job back in a ruling Tuesday. That decision closed the door on a potentially larger severance payment if the lender decided to fire him a second time.