Ex-Citi Trader Unfairly Fired as Scapegoat Over Asia Stock Trades, Court Rules
- London judge rules sales trader was unfairly dismissed in 2021
- Citigroup said it is considering an appeal over the ruling
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A fired Citigroup Inc. trader won an employment suit against the bank over claims he was fired and used as a scapegoat for the lender’s decade-long regulatory failures in executing stock trades for clients in Asia.
A London judge ruled that Ian Weir, an ex-sales trader for Asia–Pacific markets based in London, was unfairly and wrongfully dismissed by the bank at an employment tribunal on Monday, his lawyer said. He’ll now seek to get his old job back.