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1 May 2015

Louise Eccles & Rosie Taylor, Daily Mail (UK)

UK: Judge sentences Sberbank to pay £3 million over sexual harassment lawsuit

"Banker dubbed 'Crazy Miss Cokehead' by her bosses claims her £3million pay-out for sexual harassment was not worth the stress of the legal battle", 30 Apr 2015

...Miss Lokhova began working on the equity sales desk
at...[Sberbank] in 2011, but immediately noticed a 'strange' atmosphere and heard reports that bosses were calling her 'derogatory names' behind her back...But it was only when her lawyer contacted the company to ask them to hand over written communication about her that she learned the extent of the bullying...In 2012, the bank conducted a disciplinary hearing against Miss Lokhova's boss Mr Longmuir.The hearing apparently lasted just five minutes and he accepted his comments were unacceptable...But it took another 18 months before she was finally awarded £3.2million damages...A spokesperson for Sberbank said: "Sberbank CIB has appealed the Employment Tribunal's decision and cannot therefore comment on specifics, save for noting its view that the judgment itself contains numerous legal and factual errors.The firm continues to believe that the incidents under consideration were isolated and are unrepresentative of its working environment. Sberbank CIB and its management are committed to equal opportunities, will continue to have due regard to all lessons to be learnt and have long-since taken steps to prevent such a situation from arising in the future." [Also refers to Goldman Sachs]