Tuesday, 22 July 2014
Last updated 8 hours ago
May 3 2010 | 12:06pm ET
A former Nomos Capital executive has lost her explosive sexual-harassment lawsuit against the hedge fund and its founder, Mark Lowe.
The Central London Employment Tribunal rejected Jordan Wimmer’s £4 million sex discrimination case, saying, “We did not find the claimant a persuasive witness.” Wimmer, a former investor relations executive at the London firm, accused Lowe and Nomos of sex discrimination, unlawful deduction of wages, unfair constructive dismissal and disability discrimination.
Wimmer told the tribunal that Lowe would bring prostitutes to firm meetings and forced her to go to strip clubs. She claimed to have been fired after spending six weeks at a private psychiatric unit to treat depression stemming from her treatment at Nomos, which included calling her a “dumb blonde.”
Wimmer also accused Lowe of calling U.S. President Barack Obama a “nigger” and of “invading her space,” and said she feared her boss might have her killed.
Lowe, who admitted to calling Wimmer a dumb blonde and “decorative,” but told the tribunal that they were “said entirely as a joke.”
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…