A former JPMorgan Chase & Co. currency salesman fired for short-filling a client order lost his claim of unfair dismissal, reversing a previous decision in his favor in the latest twist stemming from the global foreign-exchange scandal.
The U.S. bank’s decision to dismiss Patrice Ktorza “was fair, both procedurally and substantively," Judge Catrin Lewis said in a ruling published Friday. The decision overturns Ktorza’s victory in 2016, when a London tribunal criticized the bank’s investigation process leading to the dismissal.
