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Greensill Sued by Hundreds of Former Employees Over Collapse, Job Losses

  • Administrators could be on the hook for £4.5 million
  • Greensill lawyers say plan was in best interest of creditors
Greensill Capital offices near Warrington, UK.

Greensill Capital offices near Warrington, UK.

Photographer: Anthony Devlin/Bloomberg

A group of ex-Greensill Capital employees sued the defunct firm in London, accusing management of unfairly keeping them in the dark about the company’s “imminent danger of collapse.”

A group of 277 employees -- less than half the UK workforce -- are claiming £4.5 million ($5.4 million) for not being consulted properly on their redundancy. They say the firm did not tell them about potential job-loss risks despite being aware of its obvious financial problems. A judge will decide Thursday whether the claimants are entitled to that level of award.