December 4, 2022

U.S. Supreme Court docket rebuffs RBS ex-banker’s whistleblower

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The Supreme Court docket on Monday declined to listen to former Royal Financial institution of Scotland managing director Victor Hong’s bid to gather a U.S. authorities whistleblower award of not less than $490 million for reporting alleged misconduct associated to the establishment’s gross sales of mortgage-backed securities.

The justices turned away Hong’s enchantment of a decrease courtroom’s ruling that regardless that his suggestions helped federal companies win massive settlements in opposition to the financial institution he was not eligible for a minimize…

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