Bloomberg News

Blind Banker Loses RBS Discrimination Lawsuit at U.K. Tribunal

December 11, 2012

A blind former Royal Bank of Scotland Group Plc banker, who had to quit after his sight deteriorated, lost a discrimination lawsuit seeking disability benefits worth about 500,000 pounds ($804,500).

RBS’s actions were “a proportionate means of achieving a legitimate aim,” employment judge NS Walker said in a written decision rejecting Paul Ryb’s claim, dated Nov. 19. The tribunal doesn’t give out judges’ first names.

Ryb, a telecommunications equity salesman, said the bank had denied him the full amount owed under a disability- insurance plan.

Bankers suing their former employees have had a run of defeats at London’s specialist employment courts. Fired UBS AG trader Ramon Braga lost an unfair dismissal case in July when a judge found he manipulated security prices, while ex-Credit Agricole SA (ACA) banker Edward Willems failed to get any compensation in his April whistle-blowing suit.

Ryb, who is legally blind, was “shocked and angry” when RBS said he’d get 132,000 pounds a year, not the 158,400 pounds he was expecting under the disability plan, according to his witness statement from the case.

Ryb’s lawyer John Turnbull and RBS spokeswoman Linda Harper didn’t immediately respond to requests for comment.

It was his second lawsuit alleging unfair treatment by a bank. Ryb also sued his former employer Nomura Holdings Inc. (8604) in 2009 after claiming he was fired for complaining that its clients were being misled. That claim ended in a confidential settlement, the details of which weren’t disclosed in the RBS case.

To contact the reporters on this story: Kit Chellel in London at cchellel@bloomberg.net; Jeremy Hodges in London at jhodges17@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus