FSA told to destroy emails in Keydata investigation

The Financial Services Authority (FSA) has been told by a judge that it must destroy privileged attorney-client emails it obtained as part of its investigation into Keydata.

Keydata founder Stewart Ford won a ruling in October that the FSA should not have used the emails, from Keydata's and Ford's former legal advisers Irwin Mitchell, and Judge Ian Burnett today said they must be deleted or destroyed. However, the judge refused requests by Ford's lawyers to have the FSA's 2010 warning notice thrown out, while investigators who have seen the protected emails will be allowed to remain involved in the investigation. Despite pleas from Ford's lawyers, Judge Burnett said the warning notice did not need to be quashed as the emails only formed a "very modest par...