Ex-Credit Suisse Banker Suing Bank For £46M Gets Costs

Law360, London (March 24, 2020, 3:18 PM GMT) -- A London judge ordered Credit Suisse to pay £40,000 to cover some of the legal costs a former employee racked up while fending off the bank’s bid to whittle down his £46 million ($53.9 million) lawsuit over his Romanian imprisonment on espionage charges while working for the lender.

Monday’s written ruling from Roger Ter Haar QC, sitting as a High Court judge, follows the court's January decision to significantly reduce former employee Vadim Benyatov’s lawsuit, but also rejecting the bank’s request for £1.15 million in security for costs or a conditional order for that amount. In his February costs order, the...

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