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Last Updated: Thursday, 14 October, 2004, 12:19 GMT 13:19 UK
City worker's damages award cut
Steven Horkulak
Steven Horkulak joined Cantor in 1997
City firm Cantor Fitzgerald International has won a reduction in 900,000 damages awarded to a former employee who claimed he was bullied.

Steven Horkulak, 39, from Chislehurst, Kent, claimed he was bullied for six months until his June 2003 dismissal.

The former senior manager said he was abused by another manager who allegedly threatened to rip his head off.

But Cantor claimed the award was excessive and it has now been reduced by nearly 117,000.

The Appeal Court judges were told the mistakes had been made when reaching conclusions about the original damages award.

Absent from work

It was also claimed that insufficient weight had been attached to Cantor's criticisms of Mr Horkulak.

This included claims that he absented himself from the office without informing anyone, that he often had his mobile phone switched off, and that he was frequently absent from work without explanation.

Mr Horkulak had claimed that the brokerage firm's president Lee Amaitis had screamed obscenities at him and had threatened "to break him into two and rip his head off".

Timothy Brennan QC, for Mr Horkulak, had told Mr Justice Newman at the High Court in London that the treatment went "beyond what anyone should have to put up with in the workplace".

The court also ruled that a further 630,000 won by Mr Horkulak should go back for re-determination to Mr Justice Newman, who initially heard the case, as a retrial would be too costly.

The BBC's Assad Ahmad
"The judge was damning in his criticism of what went on here"

'Wake-up call' to the City
31 Jul 03  |  London
City boss denies bullying
26 Jun 03  |  London

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