Category: Fraud

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The Times: Lawyers launch petition for financial mis-selling tribunal

The Times Brief reports that we have launched an online petition in an attempt to apply public pressure on banks to settle compensation claims for financial product mis-selling.…

Libor Fraud UK Litigation Solicitors

LIBOR fraud arguable in swaps mis-selling claims; Resetting the 6-year contractual limitation clock

The High Court ruled that fraud allegations against RBS concerning LIBOR manipulation in a derivatives mis-selling claim were “properly arguable,” affecting SMEs sold IRHPs by major banks. LIBOR, a crucial interest rate benchmark, had been rigged by banks including RBS, resulting in hefty fines. RBS admitted misconduct in its LIBOR submissions. Property Alliance Group’s (PAG) case against RBS may set a precedent for extending time limits on claims, emphasizing the importance of seeking legal advice on mis-selling claims affected by LIBOR fraud.

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White Collar Crime Update: “Making and Accepting a Financial Advantage” under the Bribery Act 2010

The Serious Fraud Office (SFO) has brought the first set of charges under the Bribery Act 2010 against a UK company allegedly involved in a £23 million bio-fuel investment fraud.…

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RBS v Highland Financial Partners: Culture of denial at RBS?

In a recent unanimous judgment of the Court of Appeal in the case of RBS v Highland Financial Partners [2013] EWCA Civ 328, it was held that RBS…