Wednesday, 23 July 2014
Last updated 10 hours ago
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.
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…