Fired Cantor Fitzgerald Trader Drops Lawsuit Over ‘Wash Trades’
- Ash Nadershahi pulls his case part-way through a 13-day trial
- He said he’d blown the whistle; Cantor called case ‘baseless’
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A former Cantor Fitzgerald LP trader dropped an employment lawsuit against the bank in which he’d claimed he was fired because he blew the whistle on so-called “wash trades.”
Ash Nadershahi, who worked as a high-yield trader at the firm’s European unit for a year, withdrew his claim Monday, a Cantor spokesman said in an email. No settlement or other agreement was struck with Nadershahi, he said.