David Kappos, who stepped down last month as director of the U.S. Patent and Trademark Office, has joined Cravath, Swaine & Moore. Kappos is only the fourth Cravath partner brought in as a lateral hire in a half-century, the firm said. (See Page 19 for more on the PTO’s new leadership.)
ANOTHER BANK FINED
The Royal Bank of Scotland Group PLC is the latest bank to be implicated in the ongoing interest rate rigging scandal, agreeing last week to pay U.S. fines totaling $612 million. Like other banks before it, RBS was charged with making false submissions to the London Interbank Offered Rate.
