January 26, 2007 / 11:24 AM / 12 years ago

Ex-Nomura banker loses discrimination appeal

LONDON, Jan 26 (Reuters) - The Court of Appeal in London on Friday dismissed an appeal from former investment banker Andrea Madarassy in a long-running 1 million pound ($1.97 million) discrimination claim against Japanese investment bank Nomura (8604.T).

Madarassy launched her original lawsuit in 2001, claiming she was the victim of sex discrimination and that she was unfairly dismissed.

She claimed that she was “marginalised and mistreated” by Nomura after becoming pregnant with her third baby. Nomura denies this.

Court of Appeal judge Lord Justice Mummery said: “I would dismiss the appeal on the ground, first that there was no error of law in the decision of the employment tribunal on any of the many aspects of its decision which were appealed to this court.”

Madarassy’s legal battle, backed by the Equal Opportunities Commission, is one of a string of discrimination lawsuits against firms in the City of London financial sector, which is struggling to shake off its reputation as a difficult place for women to work.

Nomura said the Court of Appeal judges had rejected all nine grounds of appeal brought by Madarassy.

Nomura said it welcomed the judgement, which had upheld decisions by both the employment tribunal and employment appeals tribunal in confirming Madarassy was not discriminated against when made redundant by Nomura in 2001.

“We have maintained throughout that Andrea was not discriminated against - neither for being a woman nor a mother - when made redundant in 2001, and at every stage the courts have agreed,” Nomura said in a statement.

Nomura said the judgement reinforced the requirement for employees first to prove a prima facie case in discrimination claims. Madarassy still has the option to seek to challenge the Court of Appeal’s ruling in the House of Lords.

((Reporting by Jane Merriman: editing by Paul Bolding; jane.merriman@reuters.com; Reuters Messaging: jane.merriman.reuters.com@reuters.net; + 44 207 542 7974))

($1=.5076 Pound) Keywords: NOMURA MADARASSY/APPEAL

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