Goldman Sachs have resolved a legal dispute with a former employee relating to his dismissal last year after making multiple whistleblowing reports.
The claim for unfair dismissal, brought by Thomas Doyle, the bank’s former EMEA head of synthetic swap sales, has been settled with no financial compensation offered, both parties have confirmed.
Doyle’s lawyer confirmed that settlement terms had been reached over ordinary unfair dismissal claims, whilst a spokesman for Goldman Sachs also said the parties had reached an agreement in principle.
Doyle, who worked at the bank between 2018 and 2021, had brought a $23 million suit against his former employer, claiming he had been unfairly dismissed without proper procedure after making the whistleblowing reports.
The former employee also alleged mistreatment during his time working for the bank, claiming that he and other staff members were regularly shouted and sworn at.
Goldman said that Doyle had made no real protected disclosures and was bringing the whistleblowing claim in an attempt to circumvent the statutory cap (slightly under $100,000) for unfair dismissal. The bank offered no comment on the allegations of mistreatment.