More On

Bank of America sued by former trader for bonus payout

Trader claims the bank dismissed her shortly before bonus payment despite exceptional performance

Financial industry traders generally expect big bonuses for their work as the bread-winners of their firms. With earnings directly tied to the profits generated, those bonuses can reach colossal proportions. And when traders are snubbed, litigiousness can become almost as large.

Indonesian trader Sunny Tadjudin is seeking considerable damages from her former employer, Bank of America, which she alleges canned her in 2007 just before bonus payout in an effort to save money.  Tadjudin is suing in a Hong Kong High Court for $3.7 million. That figure is based on the average trader payout of 16.6 percent, which she received from 2002-2004. A separate sexual discrimination claim has also been filed against the BofA.

Executive Editor

author image

Chris DiMarco

Chris DiMarco, Executive Editor of InsideCounsel magazine, has a background in multimedia production with previous involvement in projects in which he developed and created content...

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.