28 Feb '13, 5am

Singapore Traders Sue UBS for Wrongful Dismissal -Lawyer: Two Singapore-based traders have taken wrongful-dism...

Two Singapore-based traders have taken wrongful-dismissal action against UBS AG.They allege they were unfairly dismissed in connection with the bank's investigation into possible manipulation of benchmark interest rates and exchange rates, their lawyer said Thursday. The traders claim they weren't involved in submitting interest rates under investigation by the bank and assert they haven't been told why they were dismissed, lawyer Daniel Chia said. They are seeking compensation for salary and incentives and other damages. Mukesh Kumar Chhaganlal, former joint head of emerging markets macro trading and Southeast Asian currency trader Prashant Parmeshwar Sunny Mirpuri were fired Feb. 7, according to their complaints lodged with the Singapore High Court. "We are unable to comment as the reviews are ongoing. However, we are fully cooperating with authorities," a UBS spokeswoma...

Full article: http://www.foxbusiness.com/news/2013/02/28/singapore-trad...

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Traders Sue UBS for Wrongful Dismissal: Two tra...

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SINGAPORE—Two Singapore-based traders have filed lawsuits against UBS AG for wrongful dismissal, saying the bank fired the...

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reuters.com 28 Feb '13, 5am

SINGAPORE | Thu Feb 28, 2013 12:17am EST SINGAPORE (Reuters) - Two former UBS AG traders in Singapore are suing the bank f...

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news.yahoo.com 28 Feb '13, 5am

SINGAPORE (Reuters) - Two former UBS AG traders in Singapore are suing the bank for wrongful dismissal, saying the bank fi...

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bloomberg.com 28 Feb '13, 2am

UBS AG was sued for wrongful dismissal by two former traders in Singapore who claimed they were fired in a bid by the bank...

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