Try our Advanced Search for more refined results

Expert Analysis

6 Record Search Lessons From $43M Clydesdale Bank Penalty

Law360, New York (June 23, 2015, 10:12 AM EDT) -- Clydesdale Bank PLC was recently hit with a more-than-$43 million fine, largely because it failed to search for documents that should have been subject to its destruction policy, and for misleading consumers and its regulators about the searches. The U.K.'s Financial Conduct Authority (FCA), which is something like the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, the Federal Trade Commission and the U.S. Securities and Exchange Commission rolled into one, imposed this £20,678,300 fine on April 14, 2015, and issued a detailed notice explaining how it arrived at such a fine. The facts discussed here are as represented by the FCA in its order.[1]...

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!