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JPMorgan Wins Appeals Ruling in FX Salesman's Dismissal Case

  • Judge overturns Patrice Ktorza’s 2016 unfair dismissal suit
  • Tribunal sends dispute back to lower court for rehearing
Updated on

A JPMorgan Chase & Co. won a ruling overturning a 2016 employment tribunal decision that found a former currency salesman was improperly fired in the wake of the foreign-exchange manipulation scandal.

Patrice Ktorza, a former executive director at the U.S. bank, must have his unfair dismissal suit reheard at an employment tribunal. The original judge to a "significant extent started from his own findings of fact and opinions," whereas he should’ve looked at the bank’s reasons for dismissal and decided whether they were reasonable, an appeals judge said.