The US banker who developed a way for musicians, including David Bowie, to sell securitised bonds has won the right to take Prudential Securities to court in a $3.6bn (€3.7bn) lawsuit over ownership of the deal structure.

David Pullman, who structured so-called Bowie Bonds back in 1997, is suing Prudential in an intellectual property lawsuit. He claims that the firm stole his deal structure despite signing confidentiality agreements.