Birmingham has been a great place to be this week.
Temporary home to the all-conquering Jamaican Olympic sprint team, it was also the setting for the first banking misconduct case to come to court.
Cooke Young & Keidan has been as quick out of the blocks as Usain Bolt on the interest rate swap mis-selling litigation. And Judge Simon Brown QC, sitting at Birmingham Mercantile Court, dismissed Barclays’ attempt to call for a false start.
In sporting terms, the banking scandal litigation promises to be more of a marathon than a sprint, with firms such as RPC joining the pack with multiple claimants.
Meanwhile, on Friday the Barclay brothers – not to be confused with the bank of a similar name – will find out if they have successfully seen off a claim from property tycoon Paddy McKillen over control of the Maybourne Hotel Group.
The hotly contested case has pitched Weil Gotshal & Manges against Herbert Smith and guarantees one team will end the week on top of the podium, with the other tasting the bitter tears of defeat.
- A Clifford Chance litigation team will carry out a review into the RBS computer failure that left customers without access to their account information
- Quinn Emanuel Urquhart & Sullivan managing partner John Quinn has defended his decision to send reporters rejected evidence
- And, an ex-Pinsent Masons solicitor receives 100 hours of community service for putting a trainee in a headlock and punching him