The London Stock Exchange has admitted that it unfairly dismissed former Turquoise chief executive Eli Lederman but is contesting other claims at his employment tribunal.
On the first day of the case, the bourse decided not to contest the unfair dismissal charge brought by the man who left Turquoise after its acquisition by the LSE early last year.
According to Reuters, other parts of the case are still being fought, centring on whether Transfer of Undertakings (Protection of Employment) rules should have applied to the takeover.
Lederman argues that they should and he is therefore entitled to more compensation, but the LSE insists this is not the case because Turquoise remains a separate company.
The tribunal continues.