LONDON - Bankers in the City of London are suing employers over decisions not to pay out bonuses.
Seventy-two Dresdner Kleinwort workers are suing their employer, which was taken over by Commerzbank in an acquisition concluded in September.
The employees are seeking up to ‚Ç¨33 million ($47.8 million) for performance-related pay withheld by the German bank after the merger. Former investment bank Dresdner reported ‚Ç¨6.3 billion in losses for 2008.
The largest amount is being claimed by senior o