Money brokers want £900k damages cut

Money brokers Cantor Fitzgerald has asked the Court of Appeal to reduce a £912,000 damages award to a former employee.

Steven Horkulak won the sum last year after claiming he was subjected to a 'culture of bullying and abuse'.

About £630,000 related to the loss of discretionary bonus for 2000-2001. Cantor claims the judge got it wrong in reaching figures for each of the years concerned, which were 'perversely high'. The judge also failed to take account of Cantor's criticisms of Mr Horkulak's performance, it was argued. Mr Horkulak, 39, claimed that Cantor's president, Lee Amaitis, regularly screamed obscenities at him for six months up to his constructive dismissal in June 2000. The hearing continues.