Law Firms' Advice to Standard Chartered Comes Under U.S. Glare
- Prosecutors said to be asking if firms gave improper advice
- Sullivan & Cromwell, Slaughter and May e-mails said requested
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U.S. prosecutors are asking whether two law firms gave Standard Chartered Plc improper advice as they steered the bank through a sanctions-violations investigation, according to people familiar with the matter.
The Justice Department has requested a review of e-mails and other documents related to the bank’s communications with New York-based Sullivan & Cromwell LLP and London-based Slaughter and May, according to the people familiar with the matter. The prosecutors haven’t accused the law firms of wrongdoing.