Ex-options trader sues JP Morgan for £1m

JP Morgan is facing a High Court case in London against a former options trader who claims the Wall Street bank deprived him of more than £1m (€1.5m) of bonus and stock award compensation when he left.

Daniel Ridgway, whose court case against JP Morgan started yesterday, claims he received a verbal assurance from the bank that he would be able to keep his stock options and restricted stock units if he left "on good terms".

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire