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Bankers: We'll sue if we are denied our million-pound bonuses
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Contributor | Servo |
Last Edited | Servo Feb 10, 2009 09:43am |
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Category | News |
Media | Newspaper - Daily Mail |
News Date | Tuesday, February 10, 2009 03:00:00 PM UTC0:0 |
Description | A group of senior bankers today warned they would sue if they are denied million-pound bonuses.
The bankers, all at managing director level and some with more than £1 million bonuses, have taken on a leading lawyer to prepare for legal action if an attempt to clamp down on payouts is made.
Ronnie Fox, who specialises in employment law, has been contacted by managing directors who fear they could be denied their bonuses despite their departments making money.
Mr Fox, of Fox Lawyers in Cornhill, is preparing to launch a legal battle against the unnamed banking giants if the Government presses ahead with plans to impose a blanket ban on bonuses.
Legal experts today warned that plans to stop bonuses may be a breach of bankers' human rights. |
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