Hong Kong Court Orders Trial To Decide Bank Of America’s Traders’ Claim Over Firing

Bloomberg reports this morning that? Hong Kong?s top court has ordered a trial to decide a former Bank of America Corp. trader?s claim for at least HK$10.9 million ($1.4 million) damages over her 2007 firing, rejecting the bank?s appeal.


Here’s what they say at

http://www.businessweek.com/news/2011-01-19/top-hong-kong-court-orders-trial-for-bofa-trader-s-bonus-claim.html

?Even findings on a point of law are more reliably made in the context of facts,? Judge Kemal Bokhary said at the Court of Final Appeal today, refusing to hear the bank?s case that the claim by its former employee Sunny Tadjudin should be dismissed.

Tadjudin, who worked for the bank?s distressed debt trading group from June 2000 to August 2007, claims her former manager had made false accusations against her in order to fire her and earn a higher bonus himself. She won a trial in June when a lower court?s dismissal of her claim was overturned.

Bank of America?s Hong Kong-based spokesman Mark Tsang then said the bank was confident the claim will be held to be without merit. Spokeswoman Chia-Peck Wong today declined to comment on the case.

Tadjudin?s lawyer Russell Coleman said the trial is unlikely to start this calendar year.