X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The Financial Services Authority (FSA) has brought charges of insider trading against two lawyers – including a current partner in the London office of Dorsey & Whitney – it has emerged.

The Dorsey lawyer is corporate partner Andrew Rimmington. His legal adviser at Barlow Lyde & Gilbert, partner Ian Mason, confirmed his client’s involvement in the case. Prior to joining Barlows in 2006, Mason was head of the wholesale group in the FSA’s enforcement division.

The FSA has also launched a claim against Michael McFall, a former partner with McDermott Will & Emery, and the former financial director of Neutec Pharma, Peter King.

King faces a charge of disclosing non-public information.

The criminal prosecution relates to Novartis’s 2006 takeover of Neutec, according to court documents.

The men were ordered to appear before a London criminal court in June in connection with the charges. The listing office for Horseferry Road Magistrates Court confirmed that the three men are due to appear on 16 June.

McFall left McDermott in January 2009 after four years in the firm’s UK corporate practice. Previously, he practised at Dorsey’s London arm.

The charges are understood to be in connection with the 2006 takeover of Neutec by Novartis. However, spokespersons for Dorsey and McDermott said that neither law firm advised on the Neutec Pharma takeover.

The move marks a more aggressive stance from the FSA, which earlier this year secured its first successful insider trading prosecution against Christopher McQuoid, the former general counsel of TTP Communications.

The FSA refused to comment.

This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.

A PREMIUM SUBSCRIPTION PROVIDES:

  • Trusted insight, news and analysis from the UK and across the globe
  • Connections to senior business lawyers within the leading law firms and legal departments
  • Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
  • The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
  • Optimized access on all of your devices: desktop, tablet and mobile
  • Complete access to the site's full archive of more than 56,000 articles

Already have an account?

For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651

 

Legal Week Newsletters & Alerts

Sign Up Today and Never Miss Another Story.

As part of your subscription, you can sign up for an unlimited number of a wide range of complimentary newsletters and alerts. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.