No Result
View All Result
Today Minutes
  • Home
  • Fashion
  • Celebrity
  • Culture
  • Lifestyle
  • Travel
  • Food
  • Home
  • Fashion
  • Celebrity
  • Culture
  • Lifestyle
  • Travel
  • Food
No Result
View All Result
Today Minutes
No Result
View All Result
Home business

Fired Goldman Trader Loses Bid to Revive Claim Against Bank

by todayminutes
April 15, 2022
0

A former Goldman Sachs Group Inc. managing director failed to convince a court to revive his claim that he was illegally fired for blowing the whistle on compliance lapses at the bank.

Christopher Rollins sued Goldman in 2018, but the case was sent to arbitration. A Financial Industry Regulatory Authority panel dismissed his claims last year, and a federal judge in New York on Thursday rejected Rollins’s attempt to overturn the arbitral decision.

Rollins claimed he was terminated for highlighting the bank’s dealings with controversial German financier Lars Windhorst and its failure to comply with anti-money-laundering laws. According to Rollins, he was made a scapegoat after transactions with Windhorst raised questions, even though the client relationship had been cultivated by more senior Goldman managers.

“I’m disappointed but not surprised,” said Seth Redniss, a lawyer for Rollins. “If Goldman’s managers really believe what’s written in the codes of conduct and ethics, they wouldn’t use secret arbitration to stop the public from learning how they really operate.”

In seeking to vacate the March 2021 arbitral award, which also required him to pay $8,887.50 in fees, Rollins argued to U.S. District Judge Edgardo Ramos that he had been denied access to evidence, including compliance records showing that Windhorst was on a restricted list.

Continue…

todayminutes

todayminutes

Next Post
Twitter Adopts ‘Poison Pill’ to Ward Off Musk Takeover

Twitter Adopts ‘Poison Pill’ to Ward Off Musk Takeover

No Result
View All Result

Categories

  • AirLines (1)
  • business (250)
  • Celebrity (64)
  • climate (1)
  • Culture (40)
  • Economy (13)
  • Electric Vehicles (3)
  • Entertainment (323)
  • Fashion (49)
  • finance (24)
  • Food (36)
  • Health (45)
  • Lifestyle (23)
  • Music (84)
  • Politics (319)
  • Science (23)
  • Sports (356)
  • Technology (32)
  • Travel (62)
  • Uncategorized (9)
  • Weather (2)
  • World (83)

Recent.

Amazon, Rite Aid cap purchase of emergency contraceptives

R. Kelly sentenced to 30 years in prison following sex trafficking conviction

Most say nation on wrong track, including Dems

© 2021 Today Minutes All Rights Reserved

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe
No Result
View All Result
  • Home
  • Fashion
  • Celebrity
  • Culture
  • Lifestyle
  • Travel
  • Food

© 2021 Today Minutes All Rights Reserved