Acquitted Former Citi Trader Wins Unfair Dismissal Case

By Richard Crump (August 11, 2020, 4:41 PM BST) -- A former Citibank NA trader acquitted of manipulating foreign exchange markets has won an unfair dismissal case against the bank but cannot get his job back, a London employment tribunal has ruled.

Employment Tribunal Judge Alison Russell ruled in favor of Rohan Ramchandani, who was sacked from his job as head of European foreign exchange trading in 2014, but rejected his request to be reinstated, saying it would not be practicable.

In a ruling published July 30, Judge Russell criticized Citi's "unreasonable failure" to follow its own disciplinary process when it fired Ramchandani over his participation in chatrooms with currency traders...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!