R2･1･14 at Tokyo District Court

【Judgement】 invalid dismissal

【Company】 Credit Suisse

【Category】 ordinary dismissal (PIP)

【Reference】 Hanrei Hisho L07530039

【Position/Salary】VP in Equity / JPY22M

【Summary】

(The Plaintiff, who had been employed by the Defendant as an equity derivatives trader, was subject to a adjustment dismissal but was subsequently reinstated pursuant to a judicial settlement.) 

(While the Defendant alleged that they implemented a PIP due to performance issues, the Plaintiff refused to sign PIP-related documents, and the Court did not admit the PIP-related documents as objective evidence.)

The defendant alleges that the plaintiff failed to adequately maintain the quality control of financial data, produced analyses and reports of low quality, and lacked initiative and visibility with clients. However, the Court finds no objective evidence to support the claim that the plaintiff's performance or abilities were deficient.