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International Edition

Norton Rose signs up first white collar crime partner with Bindmans hire

Norton Rose has hired its first corporate and white collar crime partner, with the addition of Bindmans criminal law chief Neil O'May. O'May, who will join the firm in October, will be part of Norton Rose's business ethics and anti-corruption group which sits within the firm's wider disputes practice.
2 minute read

International Edition

LG scores role on BBA investigation into Libor fixing scandal

LG has picked up a lead role advising the British Bankers Association (BBA) on an independent investigation into the Libor rigging scandal. The firm, which is fielding a team led by employment partner Helga Breen, was appointed last week after the BBA confirmed an investigation prompted by evidence of rate rigging gathered by the Financial Services Authority (FSA), the US Commodity Futures Trading Commission and the US Department of Justice (DoJ).
2 minute read

International Edition

Ex-Minter Ellison Adelaide CFO handed 10-year jail term for A$2.7m theft

The former chief financial officer (CFO) of Minter Ellison's Adelaide arm has been sentenced to ten-and-a-half years in jail after admitting that he stole nearly A$2.7m (£1.8m) from the top-tier Australian law firm. Craig Raneberg, who was CFO of the firm's Adelaide and Darwin offices, pleaded guilty in March to 70 counts of theft between 2004 and 2011. The former CFO, who was made redundant in June 2011 after almost ten years at the firm, will face a non-parole period of six years and four months.
2 minute read

International Edition

Devereux corporate crime silk takes Treasury role on Libor inquiry

Devereux Chambers' Jonathan Fisher QC has been instructed to advise the Treasury Committee on its investigation into the Libor rate-rigging scandal, as details of the inquiry continue to emerge. Fisher, who specialises in cases involving corporate and financial crime, was appointed to advise Parliament on the inquiry earlier this month.
2 minute read

International Edition

Can the law nail the Libor bankers?

"One possibility is that the common law offence of conspiracy to defraud might be used. This form of conspiracy was preserved by the Criminal Law Act 1977 section 5, though the Law Commission would have liked to see the back of it..."
6 minute read

International Edition

Covington leads as GlaxoSmithKline receives record $3bn fine

US firm Covington & Burling has taken the lead role for pharma giant GlaxoSmithKline (GSK) on its record $3bn (£1.9bn) criminal and civil settlement over drug misbranding, reports The Blog of Legal Times. The settlement saw GSK agree to plead guilty to criminal charges and to pay $1bn (£638m) in criminal fines and forfeitures for the illegal marketing and promotion of the drugs Paxil and Wellbutrin.
2 minute read

International Edition

Former Hogan Lovells partner handed three-year jail term for expense fraud

Former Hogan Lovells litigation partner Christopher Grierson has been sentenced to three years in prison for defrauding the firm of £1.3m in false travel expenses. Grierson, who pleaded guilty in March this year after being charged by the City of London Police with four counts of false accounting, was today (30 May) handed sentences relating to four counts of fraud - one of 15 months, two of 36 months and one of 12 months, to run concurrently. He is expected to serve a total of 18 months in prison.
4 minute read

International Edition

SFO criticised for 'hollow threats' as FOI request reveals dawn raid freeze

The Serious Fraud Office (SFO) has carried out no raids in the year since the high-profile arrests of the Tchenguiz brothers. A freedom of information request by Pinsent Masons has revealed that from 2008 to 2010 the SFO conducted around 50 raids per year, but that none have taken place since last March's dawn raid of property belonging to businessmen Vincent and Robert Tchenguiz...
3 minute read

International Edition

Covington continues City white-collar crime hiring with new lateral

Covington & Burling has made a second consecutive anti-corruption lateral hire in London, with Steptoe & Johnson partner David Lorello joining the US firm this week (15 May). Lorello, who made partner at Steptoe in 2010, is US-qualified and focuses on US, UK and European regulatory issues.
2 minute read

International Edition

Former Fulbright partner handed jail term for stealing from firm

Former Fulbright & Jaworski partner Graham Simkin has been sentenced to 16 months in prison after pleading guilty to charges of false accounting and fraud. Simkin, who resigned from the US firm's London office in September 2008, and his wife Zakia Sharif, who was dismissed as an office manager by the firm in the same year, have admitted to stealing as much £100,000 from the firm in false expenses claims. Sharif has also been sentenced to 16 months.
2 minute read

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