Fired Banker Sues Credit Suisse After Rogue-Trader Case Collapse
- Rohit Jha filed unfair dismissal suit in London tribunal
- Criminal charges against Jha were dismissed last year
A Credit Suisse logo sits on their offices in London, U.K., on Wednesday, Oct. 14, 2015. Britain's inflation rate turned negative for only the second time since 1960 in September, reflecting weak price pressures that the Bank of England has warned will persist into 2016.
Photographer: Simon Dawson/BloombergA Credit Suisse Group AG trader who was fired after being accused of hiding about $18 million in losses has sued the bank for unfair dismissal after the subsequent criminal case was dropped last year.
Rohit Jha, who handled exchange-traded funds at the Swiss lender, filed the suit in a London tribunal, according to court documents and two people with knowledge of the situation. An April hearing has been delayed until summer, according to one of the people, who didn’t want to be identified because the lawsuit is ongoing.