A partner at Dorsey & Whitney and a former partner of McDermott Will & Emery have been accused of insider trading by the FSA.

Andrew Rimmington of Dorseys and Michael McFall formerly of McDermotts are accused of giving away confidential information about the takeover of Manchester based drugs company, Neutec, by pharmaceuticals giant Novartis. The takeover happened in 2006 and former Neutec finance director, Peter King, has also been accused. The trial will take place next month.

Andrew Rimmington: not a name you want in jail

However, it seems there has been no mucking about with trials or any old-fashioned "innocent until proven guilty" nonsense at Dorseys. A spokesman said that the firm had “terminated the partner". That's terminated as in sacked, rather than actually vaporised. "The firm has no reason to believe that any other lawyer or staff member is implicated in these events” Dorseys was keen to add.

RollOnFriday agents had met Rimmington before the FSA got to him and concluded that he was a nice bloke, so a £5 phonecard and a soap-on-a-rope is in the post.