Nomos Chief Wins 'Dumb Blonde' Lawsuit

Jul 29 2011 | 11:22am ET

Nomos Capital boss Mark Lowe may lack for taste, but he's no serial sexual harasser, a London employment tribunal has ruled.

The panel rejected the explosive allegations laid against the hedge fund manager by former Nomos investor relations executive Jordan Wimmer. Wimmer had accused Lowe of forcing her to go to strip clubs, openly using prostitutes, calling her names and using racially insensitive language. But the Central London Employment Tribunal said that Wimmer, who spent six weeks in treatment for depression in 2009, was not "a persuasive witness."

In a sweeping victory for Lowe, who could have been on the hook for £4 million had the judgment gone the other way, the panel rejected just about all of Wimmer's allegations, noting that she failed to lodge any complaints during her four years at Nomos. It did acknowledge that some of Lowe's jokes were "in poor taste."

"Some are sexually explicit, sexist or offensive about Muslims, the Welsh and transsexuals," the panel wrote.

But even there, the panel rapped Wimmer for exaggerating the volume of Lowe's off-color jokes. And it accepted Lowe's argument that his labeling of Wimmer as "decorative" and a "dumb blonde" were "ironic."

Wimmer's lawyer said she may appeal.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of