Dyson launches London High Court case against US vacuum rival Shark | City A.M. January 14, 2018 UK vacuum cleaner manufacturer Dyson has launched a High Court case against US rival Shark over which company produces the vacuum cleaner with the greatest suction. The UK manufacturer, which has a global revenue of £2.5bn, has taken aim at its US rival over what it says are misleading advertising claims. Read more: Dyson has [...]
Kicking off: War of words between former boss Bob Mackenzie and car insurance giant AA rolls on May 1, 2018 Former AA boss Bob Mackenzie has found himself in the spotlight once again, following allegations that he hushed up a street fight which left him unable to deliver presentations to major City investors. The legal battle between Mackenzie and the roadside assistance giant ramped up yesterday after court filings of the AA’s defence were revealed [...]
FCA’s guidelines are undervaluing consumers’ PPI claims by billions of pounds, barristers allege | City A.M. April 27, 2018 Barristers from St John’s Buildings are claiming that consumers could be underpaid by billions of pounds if banks follow the financial regulator’s guidance on Payment Protection Insurance (PPI) payouts. The Financial Conduct Authority (FCA) is ignoring legal cases which mean consumers may be owed around £14bn more than under its own guidelines, the barristers have [...]
Last Week in the City: Markets Trumped by trade fears June 22, 2018 The week was dominated by trade war fears as Donald Trump said he would slap further tariffs on Chinese goods should there be any retaliatory measures. Despite this, Nasdaq hit a record high, although the Dow Jones Industrial Average erased all its gains in 2018 so far. The FTSE 100 fell 0.5% over the week [...]
Law firm urges claimants to join largest-ever class action over VW emissions scandal March 26, 2018 The law firm acting for around 10,000 Volkswagen (VW) customers whose cars were fitted with defeat diesel devices has urged more claimants to join what could be the largest-ever class action. Your Lawyers is currently acting for around 10,000 VW consumers who are suing the car maker over its role in the 2015 emissions scandal, [...]
Money Saving Expert founder Martin Lewis to sue Facebook over scam adverts | City A.M. April 23, 2018 Consumer finance expert Martin Lewis is to sue social media site Facebook over alleged scam adverts. Lewis, founder of consumer site Money Saving Expert, is bringing a defamation claim for exemplary damages against Facebook and said that any money he wins will be donated to anti-scam charities. He claims that Facebook has published over 50 [...]
Former Premier League champions Leicester City owner Vichai Srivaddhanaprabha to face £322m Thai court battle November 13, 2017 The Thai owner of 2016 Premier League champions Leicester City is to face a £322m criminal lawsuit, it was announced overnight. A case against King Power founder Vichai Srivaddhanaprabha has been accepted by the Thai Central Criminal Court for Corruption and Misconduct, with proceedings set to start in February. Authorities allege duty free firm King [...]
Amazon and Expedia back Washington state’s lawsuit against Trump’s travel ban January 30, 2017 The state of Washington is set to take Trump to federal court with the help of technology companies Amazon and Expedia to challenge the US President's executive order to ban travel from certain countries. Attorney general Bob Ferguson today said he was filing a lawsuit against President Donald Trump, the US Department of Homeland Security and [...]
Problems mount for BT as US lawsuits are filed and Italian prosecutors kick-off investigation January 25, 2017 Telecoms giant BT has been hit by at least two US lawsuits after admitting to a £530m black hole in the accounts of its Italian arm. The lawsuits have been filed on behalf of shareholders, Reuters reported tonight, accusing BT and three executives of securities fraud. Earlier today Italian prosecutors confirmed they had opened a [...]
Lawsuit gets turned up to 11 as Spinal Tap back together to sue Vivendi for $400m February 8, 2017 The band's back together: Members of mock rock group Spinal Tap have reunited to sue Vivendi. Christopher Guest, Michael McKean and Rob Reiner have joined a legal action brought by Harry Shearer, claiming the French media giant has failed to properly share profits since it bought the rights to the 1984 cult film This Is Spinal Tap. [...]