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Asset Manager Faces Default Loss In €4M Forex Fraud Suit

Law360, London (November 19, 2018, 9:19 PM GMT) -- A unit of a Czech Republic property investment group is seeking a default judgment in its €4.4 million ($5 million) claim against a U.K. asset manager, its chief executive and head trader over allegations they conspired to defraud the investment firm and misused its money in a bogus foreign exchange trade.

Consult II SRO, formerly called DRG Invest II, asked the High Court in London to bar Shire Warwick Lewis Capital Partners Ltd. from defending a lawsuit accusing SWL Capital of using the investor’s money to fund the asset manager’s own costs, according to court documents filed Nov. 12.

SWL Capital...
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Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

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