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Tuesday, May 21, 2024 | Back issues
Courthouse News Service Courthouse News Service

Ex-Deustche Bank Trader Loses Bid For Bonuses

(CN) - A former trader for Deutsche Bank lost his bid for bonuses he says he never received. The New York Court of Appeals ruled that Brian J. Hunter's contract and the employee handbook clearly state that bonuses would be awarded at the bank's discretion.

"Language that bonuses would be contingent on criteria such as performance and profitability cannot be interpreted as a limitation on defendant's discretion," Justice Moskowitz wrote, "since doing so would render the clear language of discretion meaningless."

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