Fired ICAP Broker Sued Firm for Millions. Or So He Thought (3)

Fired in 2014 from an ICAP Plc job that he says was paying him more than $2 million a year, swaps broker Bruce Reid was eager to hit back with a wrongful termination claim.

Years later though, Reid still hadn’t had his day in court. At first his lawyer said a hearing date in New York was moved because it had been mistakenly scheduled on a Jewish holiday. Months later, the lack of progress was attributed to a discovery dispute. Then the lawyer claimed that he had begun settlement talks.

None of it was true, including the existence of the ...