Commerzbank sued over unpaid London bonuses

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 €33 million ($47.8 million) for performance-related pay withheld by the German bank after the merger. Former investment bank Dresdner reported €6.3 billion in losses for 2008.

The largest amount is being claimed by senior o

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: