Jury awards cancer sufferer $70m following Johnson & Johnson lawsuit October 28, 2016 Johnson & Johnson has been ordered to pay $70m (£58m) of damages by a US jury following allegations prolonged use of its baby powder caused ovarian cancer. Filed in St Louis, the lawsuit accused Johnson & Johnson – whose corporate roots trace back to 1886 – of “negligent conduct” in the production and marketing of the world-famous product. Read [...]
US President-elect Donald Trump agrees to pay $25m to settle Trump University lawsuits November 19, 2016 US-President elect Donald Trump has reached an agreement to settle lawsuits in connection with his Trump University for $25m (£20m). If the settlement, announced yesterday, is approved, it will put to rest fraud allegations brought forward by former students at the now-defunct for-profit education company that offered real estate training from 2005 to 2010. New York attorney [...]
Deutsche Bank drops after CEO fails to settle $14bn lawsuit October 10, 2016 Shares in Deutsche Bank have slid this morning after the troubled German lender failed to strike a deal with the US Department of Justice to settle a $14bn (£11.3bn) fine. The bank dropped as much as three per cent in early morning trading, before recovering to stand down 0.9 per cent at €11.98 a share. The rest of [...]
BlackRock piles into €2bn VW investor lawsuit September 15, 2016 The world's largest money manager, BlackRock, is adding considerable weight to a pile of investors who want cash from Volkswagen over emissions rigging. Law firm Quinn Emanuel will file the suit on behalf of a group of investors – including BlackRock – who are seeking a total of €1.3bn (£1.1bn). Earlier this year Quinn Emanuel [...]
Revealed: The seven best-value stocks to watch in 2018, according to Canaccord Genuity January 9, 2018 Despite a rocky 2017 which saw a number of lawsuits come to a head, Lloyds Banking Group has been named one of the most promising stocks to watch this year by Canaccord Genuity Wealth Management. Based on the value of the stocks at the moment and their potential to generate strong returns over the next [...]
Wells Fargo faces two more lawsuits over bank accounts scandal September 27, 2016 Wells Fargo is facing fresh legal action from both employees and investors over the ongoing bank account scandal. The US retail bank, which agreed to pay a $185m fine for creating two million unauthorised bank accounts, is now looking at class action lawsuits from employees who were let go over the claims and investors who [...]
Wells Fargo share price falls after it says it took a $1bn legal hit in the third quarter October 13, 2017 US lender Wells Fargo took another hit from the fake accounts scandal that enveloped it last year, as legal costs topped $1bn in its third quarter. The figures Revenues fell two per cent to $21.9bn (£16.5bn) in the three months to the end of September, it said today, while net income fell to $4.6bn, from [...]
Drinks industry body and local companies file lawsuit in bid to halt Philadelphia sugar tax on soft drinks September 15, 2016 A US drinks industry body and small businesses have launched a lawsuit to try to block a soft drinks tax in the US city of Philadelphia. The city council voted in favour of the tax in June, which will introduce a levy of 1.5 cents per ounce to sugar-sweetened soft beverages in January. Proceeds from [...]
Brexit campaigners have infuriated Britain’s Olympians, and now they’re being threatened with a lawsuit August 17, 2016 The British Olympics Association has issued a legal threat to Brexit campaign group Leave.EU over use of Team GB trademarks. In a letter to the Brexit campaign founded by Ukip donor Arron Banks, a Team GB lawyer said that Leave.EU had made "extensive" use of its trademarks, including Team GB imagery, in social media posts on [...]
Kanye West sues Lloyd’s of London insurers including Lancashire for $10m over cancelled tour August 2, 2017 We ain’t saying he’s a gold digger, but US rapper Kanye West has just filed a $10m (£7.6m) lawsuit against Lloyd’s of London insurers in a dispute over 21 cancelled tour dates last year. The pop star and his tour company, Very Good Touring, claim insurers may not pay out because the cancellations were as [...]