Ex-Lehman staff form action group

The action group from the defunct bank's European fixed-income division (FID) last met on October 8 to ascertain legal groundings for a claim and to provide employment advice for redundant employees. The group believes it has a case related to issues such as entitlement to three month's notice.

Peter Jerrom, formerly head of FX exotic options trading at Lehman in London and the group's advocator, said the bank had been downsizing FX before the collapse. "Had I left a few months prior, I would

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