Monday, June 18, 2007

Fired London Traders Try to Use U.K. Whistle-Blower Law to Win Big Payout

(Bloomberg) -- Cantor Fitzgerald LP says it refused
to pay the former head of a U.K. trading unit millions of dollars
in incentives because he'd quit. Lewis Findlay says he was pushed
out for complaining about business practices and is using a
whistle-blower law to seek $30 million.

The lawsuit is one of at least 10 in London courts involving
executives earning six-figure salaries who are suing under
legislation designed to protect employees who raise workplace
concerns about illegal or dangerous behavior.


Read more at Bloomberg Exclusive News

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