Former Herbert Smith senior partner Gold takes BAE compliance role
Herbert Smith's former senior partner David Gold has been appointed by the US Department of Justice (DoJ) to act as a corporate monitor of BAE Systems. The position was approved by the US Attorney General's office yesterday (30 August) and will see Gold act in an independent capacity to assess and monitor BAE's compliance with a plea bargain agreement it entered into with the DoJ earlier this year. The appointment takes effect form 1 September and will last for a minimum of three years, during which time Gold will commit at least three days a month to the role.
August 31, 2010 at 10:22 AM
3 minute read
Herbert Smith's former senior partner David Gold has been appointed by the US Department of Justice (DoJ) to act as a corporate monitor of BAE Systems.
The position was approved by the US Attorney General's office yesterday (30 August) and will see Gold act in an independent capacity to assess and monitor BAE's compliance with a plea bargain agreement it entered into with the DoJ earlier this year.
The appointment takes effect form 1 September and will last for a minimum of three years, during which time Gold will commit at least three days a month to the role.
Gold will remain a partner at Herbert Smith until his retirement on 30 April 2011, sitting within the top 10 UK firm's advocacy unit. Gold became a qualified mediator earlier this year after taking a course at the Centre for Effective Dispute Resolution.
Gold commented: "This is a complete change of my life, having been with Herbert Smith for 37 years. I did not run for senior partner as I wanted to look at other things out there."
He added: "I will use my skills as a litigator to test and challenge BAE's systems, processes and people to make sure that the company is following the right policies. I also look forward to joining the advocacy unit and providing advice to clients."
Herbert Smith senior partner Jonathan Scott, commented: "This appointment is a mark of some distinction not only for David, reflecting as it does his international standing as one of the City's leading lawyers, but also for Herbert Smith. We offer David our best wishes in his new role."
BAE Systems' high-profile corruption case, saw the defence group in February agree to pay fines totalling more than $400m (£250m), handed roles to firms including Linklaters and Allen & Overy (A&O).
BAE's agreement with the DoJ and the UK Serious Fraud Office settled a six-year investigation into the company's alleged corruption in arms deals.
Linklaters advised BAE on the settlement with the DoJ, while A&O advised on the SFO settlement in the UK, which saw the arms company agree to pay £30m and plead guilty to one charge of breach of duty to keep accounting records in relation to payments made to a former marketing adviser in Tanzania.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllBroadcom Hires From Nuclear Giant to Appoint French Legal Head
GCs Say They are Getting 'Edged Out' of UK Boardrooms
'I Won’t Name the Firm, But...'—Barratt Redrow's Legal Head on External Counsel Red Flags
Trending Stories
- 1Call for Nominations: Elite Trial Lawyers 2025
- 2Senate Judiciary Dems Release Report on Supreme Court Ethics
- 3Senate Confirms Last 2 of Biden's California Judicial Nominees
- 4Morrison & Foerster Doles Out Year-End and Special Bonuses, Raises Base Compensation for Associates
- 5Tom Girardi to Surrender to Federal Authorities on Jan. 7
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250