Farhaz Khan appears in Grout v FCA

The Upper Tribunal (Judge Herrington) has handed down judgment in Julien Grout v FCA. The Tribunal (by way of preliminary issue) determined that Mr Grout was identified as one of the ‘traders on the SCP’ criticised in the Final Notice issued to his former employer JP Morgan, in connection with what has been referred to as the ‘Whale Trade’ matter.

The Tribunal rejected the Authority’s argument that the requirement that there be a key or pointer to an individual was not satisifed because the term ‘traders on the SCP’ was a collective reference.

Farhaz Khan acts for Mr Grout instructed by Graham Huntley and Rory Spillman of Signature Litigation. He was led by Richard Lissack QC.

The Judgment can be found here.

The Authority has sought permission to appeal the decision.

News 8 Jul, 2016