Ex-ABN Futures Boss Blasts RBS Over Revenue Deal

Law360, New York (May 26, 2011, 4:10 PM EDT) -- A former director of ABN Amro Inc.’s futures division filed suit in Illinois on Wednesday alleging the bank, now called Royal Bank of Scotland NV, reneged on an employment agreement and bilked him out of $100,000 for business he brought in.

Gerard Colagrossi claims RBS has gone back on its word and refused to pay him half of the revenue the bank netted from new exchange for physical business after he moved his futures team from MF Global Holdings Ltd. to ABN in 2005.

“In breach...
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