Ex-RBS Trader Accused of Lying for Bank Sues Over Firing

RBS

A former Royal Bank of Scotland trader, who was criticized by a judge for giving dishonest testimony on behalf of the bank in a 2010 trial, sued at a London tribunal saying he was unfairly fired.

Sam Griffiths, a former leveraged-loan trader at RBS, testified in a lawsuit brought by Highland Capital Management LP accusing the lender of fraudulently terminating a collateralized-debt obligation at the height of the 2008 credit crunch. Judge Michael Burton said Griffiths tried to hide information and gave misleading evidence about the bank’s conduct. 'He has lied', the judge said in a 2012 ruling.

At a tribunal hearing Thursday morning, lawyers for Griffiths contested the use of privileged evidence ahead of the official start of his unfair dismissal case.

Hit the link below to access the complete Bloomberg article:

Ex-RBS Trader Accused of Lying for Bank Sues Over Firing

Europe’s Bonus Clampdown Hits Two-Thirds of Fund Managers

Citigroup Says Pay Plan Shareholders Rejected Helped Keep Corbat

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts