FSA v Kahn and FSA v Alexander
Jun 11
(2011)
Andrew George acted for the FSA as it successfully obtained, for the first time, a final injunction in the Chancery Division preventing the commission of market abuse (FSA v Kahn). Andrew also acted for the FSA in obtaining its second such injunction the following week (FSA v Alexander). In both cases the FSA imposed significant fines on the Defendant (£1m and £700,000) for the market abuse, consisting respectively of share price rigging and market manipulation which had already been committed by the Defendants.