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Fund Manager Who Sparked FCA Probe Loses Firing Row

Law360, London (January 4, 2019, 11:39 PM GMT) -- A London judge has ruled that an asset management firm was justified in firing a fund manager at the center of a Financial Conduct Authority antitrust probe, finding he disclosed confidential information ahead of an initial public offering.

In a decision from July published on Wednesday, employment tribunal Judge Tina Elliott dismissed a case filed by former Newton Investment Management Ltd. employee Paul Stephany, who had accused his employer of wrongly firing him in July 2017 over emails discussing the price of an initial public offering.

Judge Elliott said the firm's management conducted a thorough and thoughtful investigation into allegations Stephany...

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