RPC and Freshfields advising on latest Barclays litigation
Reynolds Porter Chamberlain (RPC) and Freshfields Bruckhaus Deringer are both advising on a €164m (£102m) claim against Barclays, in the latest allegation of wrongdoing at the bank. The claim has seen investment firm CF Partners accuse Barclays of using information it shared with the bank when it was looking to buy Swedish carbon trading company Tricorona, before subsequently buying the company after CF Partners pulled out of the deal in the wake of the recession.
September 12, 2012 at 04:07 AM
2 minute read
Reynolds Porter Chamberlain (RPC) and Freshfields Bruckhaus Deringer are both advising on a €164m (£102m) claim against Barclays, in the latest allegation of wrongdoing at the bank.
The claim has seen investment firm CF Partners accuse Barclays of using information it shared with the bank when it was looking to buy Swedish carbon trading company Tricorona, before subsequently buying the company after CF Partners pulled out of the deal in the wake of the recession.
CF Partners is arguing that the move breached the confidentiality agreement the bank signed when it provided advisory services while the investment firm was considering the acquisition.
RPC is acting for CF Partners with a team led by financial dispute resolution head Tom Hibbert, with Brick Court Chambers' Tim Lord QC and Richard Eschwege and One Essex Court's Orlando Gledhill instructed as counsel.
Freshfields is advising Barclays with a team headed up by London disputes partner Simon Orton, alongside Ewan McQuater QC, David Quest and Sandy Phipps from 3 Verulam Buildings.
The full case is planned to go to trial in May 2013, after the two parties held a case management conference in the High Court in June this year for the judge to decide what documents are expected to be made available from Barclays.
Barclays sold Tricorona back to its management in July this year.
The news comes in the wake of this summer's revelations over Barclays' role in the Libor rate-fixing scandal, which saw Sullivan & Cromwell take the lead role for the bank on its $450m (£290m) settlement over charges that it attempted to manipulate interest rates. Clifford Chance is acting as UK counsel to the bank.
Meanwhile, the bank's former COO Jerry del Missier taking advice from Morrison & Foerster, while Norton Rose is acting for former chief executive Bob Diamond.
Former Freshfields Bruckhaus Deringer senior partner Anthony Salz was subsequently appointed as the head of an independent inquiry launched by Barclays in the wake of the scandal.
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
© 2025 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 AllClaus von Wobeser: Mexico's ‘Godfather of Arbitration’ Becomes Firm’s Honorary Chair
Slaughter and May Leads As Government Buys Back £6 Billion of Military Homes
2 minute readLatAm Moves: DLA Piper Chile, Brazil’s Demarest Build Out Disputes Muscle
Kingsley Napley and Lord Pannick Spearhead Private Schools' Challenge to Government VAT Policy
Trending Stories
- 1Am Law 200 Firms Announce Wave of D.C. Hires in White-Collar, Antitrust, Litigation Practices
- 2K&L Gates Files String of Suits Against Electronics Manufacturer's Competitors, Brightness Misrepresentations
- 3'Better of the Split': District Judge Weighs Circuit Divide in Considering Who Pays Decades-Old Medical Bill
- 4Which Georgia Courts Are Closed Today?—Here's a List
- 5After DEI Rollbacks, Employment Lawyers See Potential For Targeting Corporate Commitment to Equality
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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