Deutsche Bank Being Sued for Sexual Orientation Discrimination

February 21, 2005 ( - Deutsche Bank will be one of the first firms to face charges of sexual orientation discrimination under a new UK law, according to Reuters.

Citing unnamed sources, the news agency is reporting that Sid Saeed, a business manager, is claiming race victimization as well as sexual orientation discrimination and harassment. The bank has said that it will contest the charges coming from the worker who comes from the London office’s technology and operations division.

The preliminary hearing in the case will be held on Friday in central London’s employment tribunal.

The UK law, introduced in late 2003, prohibits discrimination on the basis of sexual orientation. Few cases have come to trial so far, according to Reuters, but this is the first of many that are working their way through the British legal system.

Investment banks have been subject to numerous suits as of late that allege discrimination. Morgan Stanley recently paid $54 million to settle sexual discrimination charges brought on behalf of women at the firm (See Morgan Stanley Agrees to $54M Sex Discrimination Settlement ).