Deutsche Bank settles with former employee over dismissal
Deutsche Bank has settled with a former employee, who had been claiming $30m in compensation, over accusations that he had been unfairly dismissed by the bank, following allegations of sexual harassment made against the employee. 

A former Deutsche Bank executive fired when female colleagues accused him of sexual harassment won a discrimination lawsuit after London judges ruled the women had lied, exaggerated and used lewd language themselves.

Bloomberg News reports that Konrad Joy, who was chief operating officer in the global risk department, reached a settlement with the bank after the London Employment Tribunal ruled in his favour. The decision, issued in December and only released this week, criticized the bank’s handling of the complaints.

Many of the accusations were ‘simply accepted at face value, not investigated further’, the judges said, and the bank’s investigation had been ‘very poor’.

Deutsche Bank initially appealed the decision, but later decided to settle the case on confidential terms. Joy, 44, had been seeking as much as $30m in compensation.

To access the complete Bloomberg News article hit the link below:

Deutsche Bank Executive Wrongly Fired on `False’ Sex Complaints

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