The former Head of Preferred Trading for Scotia Capital, a subsidiary of the Bank of Nova Scotia, alleges he was wrongfully dismissed and is seeking more than $100 million in lost wages and damages.

David Berry, a vice president and director of Scotia Capital, was dismissed in June 2005.

“I always acted in the best interests of the bank, and I was a loyal and conscientious employee,” Berry said in a statement.

“Regretfully, I have been forced to take this action to defend my reputation, call the bank to account for its behaviour, and recover what I am owed.”