‘London Whale’ assistant Julien Grout denies all allegations and wins right to clear his name

On 7 July 2016 the FCA’s Tax and Chancery Chamber of the Upper Tribunal handed down a judgment confirming that Julien Grout, who was the most junior assistant to Mr Bruno Iksil, widely referred to as the ‘London Whale’, had been identified by criticisms published by the FCA in its Final Notice against JP Morgan dated 18 September 2013, regarding the JPM losses of USD6.5 billion in its complex Credit Default Swaps (CDS) portfolio.

Financial and Regulatory Disputes Update – May 2016

In this issue of Signature Litigation’s Financial and Regulatory Disputes Update, the second of 2016, we examine the Financial Conduct Authority’s 2016/17 Business Plan and Risk Outlook and its impact on regulated firms in the industry. Our second article discusses the recent judgments in Hayfin Opal Luxco 3 SARL v Windermere VII CMBS plc and…

Signature Litigation partners ranked in Chambers Global 2016

Graham Huntley, Natalia Chumak, Adam Rooney and Hermes Marangos have all been recognised by Chambers Global 2016. Graham Huntley – ‘Dispute Resolution: UK’ (Band 1) Graham Huntley of Signature Litigation LLP handles “very heavy-duty cases,” according to market commentators. He heads the commercial litigation team, acting for funds, banks, managers and life assurers in their disputes. He is singled…

Abdulali’s Jiwaji’s comments on the SFO Forex fiasco published in The Brief and New Law Journal

Forex fiasco raises temperature around fraud busters Lawyers were quick to raise question marks over the viability of the UK’s specialist cadre of fraud busters yesterday after officials said that a two-year investigation into alleged rigging of the foreign exchange market had been dropped. The embarrassing statement from the Serious Fraud Office on Tuesday blamed…