Stocksak: Goldman and banker agree to settlement terms for London dismissal lawsuit

© Stocksak. FILE PHOTO – The Goldman Sachs company logo can be seen in the company’s area on the New York Stock Exchange (NYSE) floor in New York, U.S.A., April 17, 2018. REUTERS/Brendan McDermid/File Photo

By Kirstin Rhodes

LONDON (Stocksak), Goldman Sachs (NYSE 🙂 and a banker are drawing the line under a London lawsuit about the dismissal of an employee last year. There is no financial value attached to whistleblowing claims.

Thomas Doyle, the former EMEA head for synthetic swap sales, confirmed on Saturday that settlement terms had been reached in relation to ordinary unfair dismissal claims.

Doyle, who worked at Goldman between late 2018 and 2021, filed a claim for 20 million pounds ($23 million). He claimed that he was unfairly fired from Goldman last week after submitting multiple whistleblowing complaints.

The bank countered that Doyle hadn’t made any protected disclosures and was trying circumvent a statutory limit of approximately 90,000 pounds for unfair dismissal. They also filed an uncapped whistleblowing case.

Goldman spokesmen said that the parties had reached a principle agreement. We were not able to find any further information.

($1 = 0.8848 pounds)

Stocksak Editorial

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