Defunct law firm Fox Hayes faces £1m fine

Fox Hayes, a Leeds-based law firm that went into administration last month, has been fined nearly £1m for its involvement in overseas share scams that defrauded UK investors of $21m. Former partners at firm will have to pay the penalty out of their own pockets after the Court of Appeal rueld that the firm "recklessly'' failed to ensure that the schemes it approved were fair and clear, writes the FT.

Defunct law firm Fox Hayes faces £1m fine ft.com Thu, Feb 19, 2009