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Lederman begins LSE action

first_img KCS-content A FORMER executive’s industrial relations case against the London Stock Exchange (LSE) got off to a fiery start yesterday as hundreds of documents came to light just hours before the beginning of the Tribunal hearing.The former head of Turquoise Eli Lederman is suing the LSE under laws that protect employers when one business is sold to another. The LSE has already conceded that Lederman was unfairly dismissed but it is contesting the rest of the claims in the case that started yesterday at Kingsway, near Holborn. Unfair dismissal carries with it a maximum payout of £80,000.Lederman says his solicitors have been seeking documents and emails relevant to the case for weeks and it was only eight hours before the case began that hundreds of fresh papers were handed over.The hearing was adjourned yesterday mid-morning so that Lederman and his legal team could read through the documents.“It seems that senior LSE executives have as much difficulty discovering important documents from their email systems as their clients have recently had obtaining prices reliably from LSE trading systems,” Lederman said yesterday, referring to the LSE’s recent trading system glitches.LSE in February last year replaced Lederman with David Lester, the director of information services at the exchange.Turquoise was set up by LSE’s biggest customers including Morgan Stanley, Credit Suisse Group, Bank of America, Deutsche Bank and Goldman Sachs, and had taken market share from LSE and other traditional exchanges.The LSE declined to comment last night. The case continues. Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Show Comments ▼ Lederman begins LSE action whatsapp Thursday 17 March 2011 9:23 pm whatsapp Tags: NULLlast_img read more