The Financial Services Authority announced this morning that it intends to fine Alberto Micalizzi £3 million and ban him from any role in regulated financial services. This would be the largest fine ever imposed on an individual in a non-market abuse case. Mr Micalizzi has referred the matter to the Upper Tribunal, which may uphold, vary or cancel the FSA’s decision.
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29 May 2012
FSA seeks to ban hedge fund chief and fine him £3 million
29 May 2012
Dewey & LeBoeuf files for Chapter 11 bankruptcy
A disaster merger, an ocean of debt, guarantees to dozens of (supposed) “superstar” lawyers, a seemingly disfunctional partnership…what could possibly go wrong? Dewey & LeBoeuf has last night filed for Chapter 11 bankruptcy in the US.
A run down of what went wrong from the New York Times.
All our Dewey stories are here.
