Dechert Settles Lawsuit Over Alleged Hacking Scheme (1)

Dechert settled with a US aviation executive who accused the law firm of assisting in a hacking scheme that targeted him.

Terms of the settlement were not disclosed. The executive, Farhad Azima, has withdrawn the case, according to a Thursday filing in the US District Court for the Southern District of New York.

The settlement comes after nearly two years of litigation over accusations that the firm and two of its former UK-based partners spearheaded a hack-and-dump scheme against him on behalf of Ras al Khaimah, one of the seven emirates making up the United Arab Emirates.

Azima, who had ...