Liberia: Supreme Court Orders Ecobank, Kollie and Williams to Pay U.S.$350,000

– Liberia’s Supreme Court on Thursday ordered Ecobank Liberia, Martin K.N. Kollie and Alex Williams to pay a former government official a combined US$350,000, ruling that the bank failed in its duty to protect confidential customer information and that the resulting conduct caused him harm.

The court awarded US$250,000 in general damages against Ecobank and US$50,000 each against Kollie and Williams.

The judgment reversed a ruling by the Civil Law Court against Wilmot Smith, a former deputy…