Multinational Insurance Firm
FRA was retained by a major European-headquartered insurer (market cap: over $60 billion) involved in a legal dispute with a US client. The US-based litigation required a potentially wide-ranging and costly eDiscovery exercise.
Challenge
FRA was retained by a major European-headquartered insurer (market cap: over $60 billion) involved in a legal dispute with a US client. The US-based litigation required a potentially wide-ranging and costly eDiscovery exercise. The matter was also particularly sensitive as it involved highly confidential information, as well as sensitive data from the most senior people in the company. FRA’s task was to work with the insurer’s legal team to take control of the eDiscovery process, keep costs down and ensure compliance with European data protection and commercial secrecy constraints.
Action
FRA analyzed the vast data set and narrowed the focus of the eDiscovery exercise, using data analytics to cull in as defensible a manner as possible so that the lawyers could focus on the richest sources of information. As Technology Assisted Review (TAR) was in its earliest stages at the time, we deployed new software that allowed one and a half attorneys to “train” the system to “learn” to score a few thousand documents in order to then apply relevance ratings to several million more documents. The attorneys were then able to adjust the relevance threshold and perform the document review quicker and with a smaller team.
Solution
Our law firm client maintained control over the investigation and was able to settle the matter over a year ahead of schedule in a very cost effective manner, without having to employ dozens of staff attorneys to conduct a review exercise.
Pro Bono Anti-Fraud Training for the IFRC
Members of our forensic accounting and data analytics teams delivered quarterly virtual training sessions for staff in relevant roles across the 192 National Societies of the International Federation of the Red Cross and Red Crescent Societies (IFRC).
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Arbitration involving Bribery and Corruption
FRA was engaged by an arbitration panel to act as an independent party, to identify any corruption red flags associated with royalty payments.
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ABB
In December 2022, the Switzerland-based multinational technology company reached a “full and final settlement” of $327 million with several national authorities. A multi-disciplinary, international team of FRA specialists supported the company through their cooperation with the authorities over more than three years, from investigation to settlement to compliance remediation.
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Petrofac
FRA was engaged by Petrofac and its external counsel to support the company’s plea discussions with the SFO, which had been investigating the company for several years in relation to bribery allegations contrary to the UK Bribery Act.
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Airbus
FRA advised Airbus and its counsel from the early stages in designing a robust and forensically based approach to the investigation, customising a data governance strategy alongside compliance risk assessment and remediation support, as well as the eventual fine calculation.
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NFT Marketplace Controls
As Head of Regulatory Affairs at a well-known gaming company, an FRA partner led the development of AML and Fraud controls to protect the company's Non-Fungible Token (NFT) Marketplace.
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High Court Claim related to Oil & Gas Services Company
Our client was defending a multi-billion dollar High Court claim in relation to alleged breaches of a long-term logistics contract. FRA was engaged to provide expert witness support and evidence in relation to the calculation of potential damages associated with loss of profits.
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International Arbitration Related to Commodity Trading
FRA was approached by the plaintiff in a $1.5bn claim in an international commercial arbitration to provide expert reports and witness testimony that proved in the arbitration finding for the plaintiff.
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APT Group Cryptocurrency Money Laundering
Reacting to cyber attacks by an Advanced Persistent Threat (APT) group on critical US infrastructure, an FRA Director conducted thorough and sophisticated cryptocurrency asset tracing to identify and disrupt the group's activities.
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European Bank
A European bank approached FRA to perform an initial evaluation of its exposure related to customers allegedly involved in money laundering activities. This was of concern to the client given the potential regulatory, financial and reputational implications for the bank.
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Nordic Telecommunications Company
FRA was instructed by Telia Company (market cap: over $17 billion) and its counsel in the UK, US, the Nordics and Holland to provide forensic accounting and eDiscovery consulting services in the investigation of the Scandinavian telecoms company.
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Cryptocurrency Terrorism Financing
An FRA expert provided critical support to the FBI's Counterterrorism Division, in connection with a multi-agency task force uncovering cryptocurrency terrorist financing. Their efforts led to the most significant US seizure of cryptocurrency to date.
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Expert Witness to the Quebec Superior Court
FRA provided pro-bono support to a Canadian individual who brought a case to the Quebec Superior Court to challenge the Canadian Criminal Code law that allows police officers to make traffic stops without suspecting any offence being committed.
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Cryptocurrency Exchange Collapse Due to Fraud
FRA was retained by external Counsel to represent multiple clients under investigation by the Southern District of New York (SDNY) in connection with the downfall of a prominent cryptocurrency exchange.
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Responding to a Data Subject Access Request (DSAR)
FRA supported a client's response to an ex-employee's Data Subject Access Request (DSAR) with a limited time period to respond. FRA applied a DSAR solution to gain a holistic view of more than 900,000 documents, eliminate redundancies; redact confidential information, and deliver a complete and structured response.
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International Not-for-Profit Organization
FRA was approached to provide pro bono support to a not-for-profit organization that had identified potential anomalies in its accounting and banking records.
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Middle-East Telecommunications Company
FRA was retained to support one of the world’s largest mobile telecommunications companies in an internal investigation which required an eDiscovery review in the context of alleged compliance violations.
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Multinational Oil and Gas Extraction Company
FRA was retained by counsel to assist a client performing a due diligence exercise in connection with purchasing an oil and gas producer in West Africa.
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Illicit Online Marketplace
An FRA Director led an investigation into a nefarious online marketplace, applying complex data analysis resulting in the arrest of numerous cybercriminals selling illicit goods and services.
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International Event and Talent Management Company
An employee of an international talent agency left the company and took with them several high-profile clients to a direct competitor.
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Deminor Recovery Services/Olympus
Olympus, a Japan-based manufacturer of cameras and medical equipment, was found to have hidden $1.7 billion worth of losses since the early 1990s.
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Cryptocurrency Exchange Collusion
When a new cryptocurrency experienced sudden delisting from multiple exchanges, their Counsel urgently engaged an FRA partner to help investigate potential antitrust or collusive behavior.
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Bank Leumi
FRA was engaged to support the monitorship of an Israeli bank and its subsidiaries, who between 2000 and 2011 were found to have wilfully assisted US clients in opening and maintaining undeclared accounts in a foreign country, and concealing offshore assets and income from authorities.
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Sanctions and the Russia-Ukraine War
An FRA expert was responsible for monitoring and investigating cryptocurrency sanctions exposure originating from the Russia-Ukraine war to protect customers from sanctions violations.
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Multinational Transport Engineering Company
FRA was retained by US counsel to Alstom (market cap: over $10 billion) to assist with defending a US securities class action suit. The case involved allegations around export credit financing of a division that Alstom had sold to a third party.
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Class-action Lawsuit challenging Solitary Confinement in US Prisons
FRA was approached by our client, White & Case, to provide pro bono support to the ACLU in their federal class-action lawsuit seeking to end solitary confinement in two Virginia prisons.
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Holocaust Restitution Claims Administration
FRA was retained separately by Swiss and German authorities to build claims administration systems for hundreds of thousands of holocaust survivors, facilitating the disbursement of hundreds of millions of dollars over five years. These were among firm's first engagements after our founding at the turn of the century.
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UN Oil for Food Program
As part of a UN investigation into possible corruption in the Iraqi Oil-for-Food program, FRA carried out a forensic accounting review and eDiscovery exercise.
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Technip
Following the imposition of a monitor in a joint resolution by the US Department of Justice (DOJ) and US Securities & Exchange Commission (SEC), Technip retained FRA to review the company’s anti-bribery measures and export control compliance program, provide forensic accounting and eDiscovery services and train the client’s internal audit staff to autonomously conduct future internal reviews.
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