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Rothschild Bank Pulled Into £637M Watchstone Asset Dispute

Law360, London (February 28, 2019, 7:56 PM GMT) -- A Rothschild unit has been ordered to turn over information in Slater & Gordon LLP's suit accusing insurance technology provider Watchstone Group of misrepresenting the financial health of a unit whose practices attracted criminal scrutiny just months after the law firm bought it for £637 million ($844 million).

High Court Judge Christopher Butcher signed a consent order on Tuesday requiring NM Rothschild & Sons Ltd. to disclose any electronic documents, including emails, in its systems dated between Jan. 1 and June 1, 2015, that are connected with the deal. Rothschild had been appointed by Watchstone to advise it on the transaction and...

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