British bank settles age, origin discrimination suit

[Reuters]

NEW YORK (Reuter) - The British-based Hong Kong-Shanghai
Banking Corp. has agreed to pay $250,000 to a former executive
vice president who was fired because of his age and because he
is American, the U.S. Equal Employment Opportunity Commission
said Thursday.
The settlement resolves a lawsuit, filed in Manhattan
federal court, in which the EEOC alleged that the New York
subsidiary of the bank fired Fred Weingartner, 47, and replaced
him with a person who was both younger and a British national.
Although the firm agreed to settle the case, it denied the
allegations.
Weingartner, who was fired in December 1991, filed a
discrimination complaint with the EEOC in June 1992. He had
joined the bank in 1962 and risen to the position of executive
vice president in charge of financial control.