Kingsley Napley News
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Phil Ivey, nine-time winner of the World Series of Poker tournament, sued a unit of Genting Bhd. in London over what he said was 7.8 million pounds ($12 million) of unpaid winnings.
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A former portfolio manager for Steven A. Cohen’s SAC Capital Advisors LP was charged with what U.S. prosecutors called a record-setting insider-trading scheme that netted as much as $276 million for the hedge fund.
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Kweku Adoboli, the trader arrested yesterday on suspicion of fraud at UBS AG, hired lawyers at Kingsley Napley LLP in London to represent him, a spokeswoman for the law firm said today in a phone interview.
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On Feb. 12, 2010, Prudential Plc Chief Executive Officer Tidjane Thiam offered $35.5 billion for AIA Group Ltd. in what would have been the firm’s biggest acquisition funded by the U.K.’s largest share sale. The same day he met the country’s regulator and didn’t mention the deal.
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Former UBS AG trader Kweku Adoboli dismissed the lawyers defending him over allegations he caused the Swiss bank $2.3 billion in losses from unauthorized trading and hired London law firm Bark & Co.
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Former UBS AG trader Kweku Adoboli dismissed the lawyers defending him over allegations he caused the Swiss bank $2.3 billion in losses from unauthorized trading and hired London law firm Bark & Co.
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Kweku Adoboli, the UBS AG trader arrested in London yesterday, admitted to causing losses while the bank’s risk-control officers were examining his trades, a person with knowledge of the matter said.
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Kweku Adoboli, the trader arrested Sept. 15 after UBS AG said it discovered unauthorized trades that caused a $2 billion loss, was charged with fraud and two counts of false accounting dating back to 2008.
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An oil trader’s ex-wife shouldn’t have any claim to properties held by offshore companies in which he invested as part of a 17.5 million-pound ($26.4 million) divorce settlement, lawyers said at a hearing in the U.K.’s highest court.
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Bank of America Corp., the lender burdened by its Countrywide Financial Corp. takeover, would consider putting the unit into bankruptcy if litigation losses threaten to cripple the parent, said four people with knowledge of the firm’s strategy.
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