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Barclays Trader Fired Amid FX Probe Is Third to Lose Lawsuit

  • Jack Murray was dismissed for sharing confidential information
  • Judge points to inappropriate use of ‘pub speak’ in messages
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A Barclays Plc trader fired amid a global probe into foreign-exchange market manipulation lost his lawsuit against the bank after a judge ruled the lender was right to dismiss him for revealing confidential information to rivals and using sexually explicit, racist language in online chats.

Barclays suspended Jack Murray in October 2013, shortly after regulators began probing banks suspected of manipulating the global-currencies market. During that investigation, the lender discovered Murray shared bank secrets with rivals, including trading positions, strategies, stop-loss orders, spreads and customer orders, according to a December judgment released by the court Thursday.