Economics
BNP Executive Fired on U.S. Request Gets $384,000 From Bank
- Court says Dominique Remy was unfairly dismissed by bank
- Remy was ‘sacrificed’ by BNP, according to his lawyer
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One of the 13 executives required to leave BNP Paribas SA as part of a 2014 settlement for violating U.S. sanctions sued the bank for 6 million euros ($6.4 million) over his dismissal, but only got about $384,000.
The French lender was ordered Thursday evening to pay 360,000 euros to Dominique Remy, former head of structured finance for BNP’s corporate and investment bank, by a Paris employment tribunal, which said he was unfairly dismissed in April 2014. Remy’s bid to recoup a 900,000-euro bonus for 2013 and 1.2 million euros in deferred compensation for previous years was rejected.