Legal News

A city trader, who was sacked in 2009 went to the employment tribunal but had his claim for unfair dismissal thrown out, is now suing his former employers for the second time after losing his first appeal against unfair dismissal in February.
Asif Mohamed Ali earned up to $4.3m (£2.6m, €3.2m) while working for Credit Suisse Group AG in London.
He claimed that his job had driven him to depression and that he was suicidal. Mohamed Ali said he was overworked and bullied by his boss. And on one occasion when he told his boss about the way he was feeling the boss told him to pull himself together.
According to Bloomberg, a court filing from November that has just been released says this treatment resulted in him being taken to hospital with severe depression.
His manager, Eraj Shirvani, has not responded about Mohamedali's new claims.
Mohamedali’s, 36, was fired after the Swiss bank discovered he had been carrying out undisclosed personal trades which was in breach of the bank's code of conduct.
It was considered as ‘extremely serious’ ground and enough to justify his dismissal. His evidence that he was depressed and bullied was not convincing ruled the tribunal.
Responding to the new tribunal, Adam Bradbery, a spokesman for the bank, said, Credit Suisse would vigorously defend these allegations, particularly in light of the decision made by the judge in the earlier employment tribunal in February which found in favour of the bank and Eraj Shirvani.
Mohamedali's employment lawyer did not reveal the amount sought, but told that his client had a good claim for damages based on the bank's treatment.
After leaving Credit Suisse, Mohamedali joined UBS Investment Bank as the managing director of the European high yield and distressed trading section. He has been there since March 2010.