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HSBC Sued by Trader Fired for Sending Data to Yahoo E-Mail

  • Ben Lazimy seeks $2.6 million from bank for unfair dismissal
  • Trader sent himself 1,400-page spreadsheet with client names
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HSBC Holdings Plc was sued for unfair dismissal by an equity derivatives trader who was fired for sending client data to his personal Yahoo! Inc. e-mail address.

The trader, Ben Lazimy, sent a 1,400-page spreadsheet listing all the bank’s equities transactions in 2010 that included client names and margins, HSBC lawyer, Clarisse Lebigot, told a Paris employment tribunal Friday.