First Global Bank (FGB) suing its former vice president treasury, Rohan Rose, for US$7.6 million ($680 million) for his role in irregular trading that lost the bank US$19.9 million ($1,768 million).

On Monday, GraceKennedy Limited notified the Jamaica Stock Exchange (JSE) that its subsidiary was seeking the damages for "breach of fiduciary duty, negligence, breach of contract, fraud, and restitution for and by reason of unjust enrichment".

The notification also sought to make public an injunction in the Supreme Court restraining Rose, from disclosing confidential information about the bank and its clients.

"The order restrains Mr Rose "whether by himself, his attorneys at law, servants, or agents, or any of them, or otherwise howsoever" from making use of any confidential information obtained by reason of his capacity or office while employed to the bank. This includes, but is not limited to, customer information, discussions at and minutes of, internal meetings, and internal correspondence between staff and directors of the bank," said the statement.

The injunction remains in force until June 4, at which time it will be further considered by the Court.