BOA settles with exec who says whistleblowing led to bogus sex harassment claims
Bank of America agreed on Friday to an eight-figure settlement with a former executive, Omeed Malik, after months of fighting claims it made bogus sexual harassment accusations against him to justify his firing, The Post has learned.
Malik, who led the bank’s prime brokerage until his January ouster, filed a $100 million arbitration claim against BofA with the Financial Industry Regulatory Authority in April.
He is taking a portion of the settlement to invest in his advisory firm, sources say.
In January, BofA ousted Malik weeks before he was set to receive his bonus amid an internal probe into alleged unwanted advances he made toward female employees.
Malik accused the bank of leaking the harassment claims in retaliation for him blowing the whistle on his boss, Martina Slowey, sources told The Post at the time.
Slowey lacked proper regulatory licenses to do business in the US and called him derogatory names because he is Muslim, Malik claimed.
The bank said in April that it stood by its decision to fire Malik, and has defended Slowey.
Reps for Bank of America declined to comment, as did Malik’s attorney, John Singer.
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