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The acquittal of three former metals executives is being seen as a setback for Lisa Osofsky, a former U.S. prosecutor who now heads the Serious Fraud Office. (Getty)

SFO Suffers Blow In Mimicking US-Style Corporate Deals

Britain’s Serious Fraud Office suffered a major setback to its strategy of striking bargains with companies and prosecuting individuals allegedly involved in corporate wrongdoing after a London jury acquitted three individuals accused of bribery at a company that admitted liability in a deferred prosecution agreement.

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Tycoon Sent To Bankruptcy After £799M Debt Deal Dashed

An Israeli lender has won a legal fight to declare bankrupt a property tycoon with £799 million ($991 million) in debts after a London judge refused to back a settlement repaying creditors just three-and-a-half pence for every pound owed.

Activist Seeks To Revive Google Mass Privacy Suit In UK

The former head of a consumer rights group told an appeals court Tuesday that millions of iPhone users suffered enough harm when Google allegedly unlawfully monitored their web browsing that his multibillion pound privacy suit against the tech giant should be revived.

FCA Wants Evidence Of Signature-Forging By Banks

The head of the Financial Conduct Authority has told MPs that the watchdog has responded to reports of banks forging customer signatures with a request for evidence from whistleblowers, according to correspondence published Tuesday.

Addleshaw Must Face Insolvency Negligence Suit In England

The owner of a defunct motor home campground won permission on Tuesday to sue Addleshaw Goddard in England over allegations that its former Scottish lawyers worked in Barclays' interests as the holiday sites were sold off to repay business debts.

Irish Watchdog Says Mortgage Lenders Paid €683M Redress

Irish lenders have paid out €683 million ($767 million) in redress and compensation to victims of a mortgage scandal that goes back almost a decade, Ireland's central bank said Tuesday.

Former Execs Acquitted After Sarclad's Deal With SFO

A London jury cleared three former executives of a metals industry company on Tuesday of taking part in a bribery plot, rejecting charges brought by the Serious Fraud Office in connection with a £6.6 million deferred prosecution agreement with the firm.

UK Economic Crime Plan Prompts Worries About Banks' Role

The British government's plan to give some of the country's biggest banks a prominent role in its latest strategy to stamp out economic crime has raised questions of a potential conflict of interest.

EU Drops Fines Against 4 Nordic Banks After Appeal

Europe’s markets watchdog said Monday that it will not fine four Nordic banks €495,000 ($558,000) each for violating European Union credit rating rules, after the bloc’s top financial regulators ruled in March that the firms had not acted negligently.

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