Financial Services Authority v Prudential

Javan Herberg QC, Andrew George and James Segan acted for Prudential plc and Prudential Assurance Company Limited in their defence of regulatory charges brought by the FSA concerning Prudential’s possible acquisition of AIA, an Asian subsidiary of the American insurer AIG, in early 2010.  On 27 March 2013, the FSA announced that Prudential would be fined a total of £30 million for breaches of the FSA’s Principles for Business and Listing Principles.