US will not argue fiduciary duty in Bogucki case

Law books — US DoJ says it will not allege at trial that Robert Bogucki was HP’s fiduciary in the legal and traditional sense

- By Laura Matthews
- 11 Dec 2018

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The US Department of Justice will not argue at Robert Bogucki’s upcoming trial that the former senior Barclays banker owed a fiduciary duty to Hewlett-Packard during the multibillion-dollar transaction in which he is accused of committing fraud.

California Judge Charles Breyer ordered on December 6 that the matter was irrelevant to the government’s criminal case, granting the defence’s motion to bar the US from arguing such a duty existed during the £6 billion currency options unwind conducted

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