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Article

6 May 2011

Author:
Jane Croft, Financial Times

JPMorgan appeals discrimination case

JPMorgan did not discriminate against a banker who worked reduced hours after injuring his back in a skiing accident, the Court of Appeal was told…The US investment bank is appealing against an earlier employment tribunal ruling relating to Russell Chweidan who sued the bank for discrimination on grounds of disability after he received a lower bonus than colleagues and was later made redundant. Mr Chweidan, a former director in the bank’s hedge fund sales credit team, went skiing with a client and was injured in an accident in March 2007…Emma Smith, representing JPMorgan…said Mr Chweidan lost his job because he lacked a broad client base, worked shorter hours and “and was not available in the evening to entertain potential new clients”…A banker without a disability and who is unable to expand a client list would be treated the same, the court heard. JPMorgan declined to comment after the hearing. The three Court of Appeal judges have reserved their ruling.