herald

Thursday 21 September 2017

Bankers lose bonuses

THE High Court has dismissed two senior bank executives' claims that their former employers owed them ten of thousands of euros in unpaid bonuses.

Roland Lichters and Jurgen Hass, of Dusseldorf, Germany, sued Depfa Bank plc, with registered offices at Commons Street, Dublin for alleged breach of contract.

Mr Lichters, in early 2008, received €200,000 cash with an additional €180,000 payment deferred. Mr Hass who was paid a bonus of €40,000 had an additional payment of €40,000 deferred.

They claimed the bank had wrongfully withheld the deferred payments from them.

Yesterday, Mr Justice John Hedigan said both men had "fallen a long way short" of meeting the proof required.

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