Brunswick tries to plug leak after proprietary file is lost

LONDON: While Brunswick's New York office grows apace, its

London-based parent firm is embroiled in a security imbroglio that has

been splashed all over the UK press.



Executives at the 20-person American beachhead for the financial PR firm

told PRWeek that they have been unaffected by the security lapse, in

which an 80-page file containing information on multi-billion pound

takeovers, mergers and other financial dealings was leaked to UK

newspaper The Guardian.



It is said that a Brunswick employee left the documents on a restaurant

table in London's Covent Garden. The Financial Services Authority (the

UK version of the SEC) has asked the firm some preliminary questions,

but Brunswick officials say they do not expect a lengthy investigation

because the documents contain no price-sensitive information and were

left 'by accident.' Brunswick is also conducting an internal

investigation.



Cindy Legget-Flynn, senior associate partner at the firm's five-year-old

New York office, said the documents were mainly press cuttings with a

distribution list of involved lawyers and bankers.



According to The Guardian, some of projects mentioned were already known

to the press, such as the pounds 13 billion (dollars 18.6 billion)

takeover of the De Beers diamonds business by mining company Anglo

American. But the article also contained information that may not be as

commonly known, including the suggestion that Brunswick is working for

scandal-plagued Russian energy group OAO Gazprom.



Legget-Flynn said industry peers have said the same mistake could have

happened to them. 'People have been very sympathetic,' she added.



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