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
The Alchemists: Three Central Bankers and a World on Fire
Hubris: How HBOS Wrecked the Best Bank in Britain
