Wednesday, 24 December 2014
Last updated 13 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.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.