It’s the latest large-scale legal dispute over bonuses to be heard in London courts, which have proved to be receptive to the claims of finance workers who say they were unfairly treated. In 2013, a group of 104 Dresdner Kleinwort bankers won a protracted legal battle against Commerzbank AG over about 50 million euros ($55 million) in bonuses that were promised but never paid following the financial crisis.
The case is Tobias Gruber v. AIG Management France SA, High Court of Justice, Queen’s Bench Division, Commercial Court, 14-1226.
This article was provided by Bloomberg News.