Patrick Evershed and New Star have agreed a confidential settlement, bringing to an end the former fund manager's claim for unfair dismissal.
The parties said in a statement: "New Star Asset Management holdings (now owned by Henderson Group plc) and Patrick Evershed have reached an agreement which resolves the employment tribunal proceedings without admission of liability. "Both parties are satisifed with the terms of the agreement and have agreed to keep them confidential." Evershed had been seeking more than £1m in compensation from his former employer, after claiming he was bullied by the firm's founder John Duffield.
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