Legal/Compliance

The law firm continues its hiring spree, after appointing two new partners in its London office last month.

UK prosecutors have thrown out the case against senior vice president Martin Graham, who faced extradition from London to the United Arab Emirates, after being convicted of wrongdoing in absentia in the UAE.

The recruitment company has filed a lawsuit claiming the private equity firm allegedly owes it $2.1m from an acquisition deal.

'The revised plan of reorganization will release all pending and potential litigation claims and causes of action against Caesars Entertainment’ according to the group.

Newly appointed CEO Mike McNamara replaces current co-chief executive officers Jeff Haidet and Peter Wolfson, who will both assume chair positions at the law firm.

As a result of the two departures, Ashurst has restructured its office in Brussels, appointing a new office managing partner and head of Brussels.

The newly promoted lawyer – whose clients include HarbourVest Partners and Partners Group – will be responsible for leading the law firm’s secondaries efforts in Europe.

Tillage Commodities Fund claims SS&C was showed ‘gross negligence’ over a series of wire transfers that resulted in $5.9m in losses for the fund.

In addition to private equity, a quarter of law firms believe that high net worth individuals or family offices will also become an important source of external funding in the next few years, according to new research.

A Chicago bankruptcy judge has approved the request from the creditors of Caesars Entertainment Operating Co to review the personal financial information of the private equity firm executives.