Weil Gotshal & Manges’ London arm has settled an estimated $100m (£50m) claim brought by the Royal Bank of Scotland (RBS).

Weil Gotshal settled the long-running dispute, which was based on the structuring of a collateralised debt obligation (CDO), last week (19 April) following brief discussions with the judge in charge of the case. The case was due to go to court this week (23 April).