It doesn’t happen often, but sometimes a breach does sound a death knell for a firm.
Cat Rutter Pooley and Barney Thompson report:
Mossack Fonseca, the law firm at the centre of the Panama Papers scandal, will close at the end of March, according to a statement from the firm obtained by the International Consortium of Investigative Journalists. “The reputational deterioration, the media campaign, the financial siege and the irregular actions of some Panamanian authorities, have caused irreparable damage,” the statement said. As a result there would be a “total cessation of operations to the public at the end of this month after 40 years”.
Read more on FT.