As this column recently noted, fortune rarely favours Simmons & Simmons. But the fallout from its role on the much-touted accelerated IPO deal structure surely sets a new standard for duff luck.

While Simmons had been basking in much-needed sunshine for its role on two pioneering deals with Collins Stewart last year, there are indications that the broker was none too happy with Simmons getting too much of the limelight.