City lawyer pleads not guilty to insider dealing charges
A City lawyer has pleaded not guilty to five counts of alleged insider dealing for trading in the assets of maternity fashion brand Seraphine Group. The Financial Conduct Authority (FCA) revealed in July that it charged Richard Bloomfield, 38, with allegedly using inside information he obtained in his role as a lawyer on an acquisition [...]
Richard Bloomfield, a 38-year-old City lawyer, pleaded not guilty to five counts of alleged insider dealing charges in Southwark Crown Court. The accusations stem from trading in the shares of maternity fashion brand Seraphine Group, which he did after obtaining inside information during his role as a lawyer on the acquisition of the company.
The Financial Conduct Authority (FCA) brought the charges in July, stating that they will not investigate the law firm or Seraphine Group involved in the case. The case was initially set for a plea on August 5th but was adjourned to September 11th. Bloomfield's legal team proposed September 11th for a trial, which the prosecutor accepted, and Judge Baumgartner agreed.
Another case management hearing is scheduled for September 13th. The court was also informed that Bloomfield underwent a medical assessment, but the results will not be available until later in the month. Bloomfield, who qualified as an M&A lawyer in 2012, has worked at Herbert Smith Freehills Kramer, Bird & Bird, Goodwin Procter, and is now the chief legal officer and general counsel at a legal tech firm.
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