Nov 28 (Reuters) - Barclays Capital Inc has beenordered to pay $2.1 million to a New York-based trader it firedlast year in connection with the alleged rigging of the Londoninterbank offered rate, or Libor, according to arbitrationdocuments.
The Financial Industry Regulatory Authority in the UnitedStates ordered Barclays Capital to pay Dong Kun Lee $2.1 millionin damages in their award dated Nov 15.
According to regulatory filings, on July 30, 2012 Barclaysdismissed Dong (Don) Kun Lee, a derivatives trader, forallegedly engaging "in communications involving inappropriaterequests relating to Libor".
Lee accused the company of a breach of contract andviolation of New York labour law among other things in asubsequent arbitration claim.
A London-based spokesman for Barclays Plc declined tocomment.
Lee originally asked Barclays to pay about $5.3 million indamages, but later reduced his request to about $2.1 million.
Barclays Capital provides securities brokerage and financialadvisory services and operates as a subsidiary of London-listedBarclays Plc.
Barclays (BARC)
