Deutsche Bank Sued by Ex-Trader Over Claims Firing Unjust

  • Benjamin Solomon left bank in August with another supervisor
  • Solomon accuses bank of violating employment agreement

Benjamin Solomon, Deutsche Bank AG’s former global head of securitized-product trading, accused the company in a lawsuit of firing him on frivolous and unjust grounds amid an industry focus on supervisors’ responsibilities.

Solomon entered into an employment agreement with Deutsche Bank Securities Inc. in March 2011 and was terminated for cause in August, according to the lawsuit filed Friday in New York state court. Solomon, who is seeking more than $10 million in compensation, said he never engaged in any conduct that would have justified his firing under that agreement, according to the complaint.

Read on.

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