Volkswagen may face a record-breaking £30bn lawsuit from shareholders over emissions scandal October 18, 2015 GERMAN car-maker Volkswagen could be set for more trouble, after it has emerged that one of the world’s biggest law-firms is planning to make a record-breaking multi-billion pound legal attack on the company. Law firm Quinn Emanuel, which has won almost €50bn (£32bn) for clients and represented major companies including Google and Fifa, has been [...]
President Barack Obama’s best comments at the Democratic National Convention July 28, 2016 President Barack Obama is to leave the White House later this year, his successor yet to be elected. It's going to be a tense run-off between Democrat Hillary Clinton and Republican Donald Trump. Polling and bookies puts Clinton out in front ahead of the election in November, but Trump has already defied greater odds just [...]
Lloyds Banking Group, HSBC and Royal Bank of Scotland in firing line in Australian rate rigging case brought in the US August 18, 2016 Lloyds Banking Group, HSBC and Royal Bank of Scotland are all in legal hot water after a case was filed in the US against a slew of banks on allegations they rigged a key Australian benchmark rate. The US lawsuit claims the lenders manipulated the bank bill swap rate (BBSW), a benchmark used mainly in Australian [...]
US Presidential Election 2016: Donald Trump says “it’s possible” Muslim judges would be biased against him June 6, 2016 Presumptive Republican presidential candidate Donald Trump isn't convinced he'd get a fair trial from a Muslim judge. After last week having said that a judge's Mexican background should bar him from a lawsuit against him, Trump raised concerns that a Muslim judge wouldn't be able to stay neutral in a case against him. Last week [...]
Mike Lynch launches $150m lawsuit against Hewlett-Packard in UK High Court October 1, 2015 Another chapter in the never-ending saga that is Hewlett-Packard's fight with former Autonomy boss Mike Lynch, after Lynch announced today he was launching a $150m lawsuit against the US printer manufacturer in Britain's High Court. In a statement today, Lynch accused HP of making "many statements that were highly damaging to me and misleading to [...]
Sepp Blatter facing $100m lawsuit from Fifa presidential hopeful Chung Mong-Joon October 7, 2015 Fifa presidential hopeful Chung Mong-Joon has vowed to sue incumbent Sepp Blatter for more than $100m, accusing him of embezzling funds from football's world governing body. The South Korean argues that Blatter has cost Fifa huge sums by refusing to divulge his salary even to members of the scandal-hit organisation's executive committee (ExCo). Chung also [...]
The economics of iceberg homes: Are mega-basements just a sunk cost? October 26, 2016 Even if you’re rich, London’s above-ground space limitations and conservation rules can put the kibosh on building your dream home. If you have a vision of putting a swimming pool, cinema or bowling alley in your Georgian terrace, you’ll probably have to think vertically to realise it. Over the last decade, iceberg basements have become [...]
Alleged fraud victims launch lawsuit against CWM fund August 19, 2015 Victims of an alleged £50m fraud by former Chelsea FC sponsor CWM have launched a class action law suit in an effort to get back their investments. The class action alleges that £50m of CWM investments was held by Cayman Islands-based bank DMS, but that only £1m is now left, which has been frozen while [...]
NFL: US court upholds $1bn concussion settlement as “imperfect but fair” April 19, 2016 A US court has upheld the National Football League's $1bn (£699m) concussion settlement with a collection of retired players who suffered brain damage from playing the sport. Over 5,000 former American football players brought the lawsuit against the NFL but up to 21,000 could be covered by the settlement. The agreement was described as "imperfect [...]
Uber drivers given green light by US judge to launch class-action lawsuit September 3, 2015 Uber drivers have been given the go-ahead by a judge in the US to launch a class-action lawsuit which could result in its model being radically altered Read more: Uber vs black cab: Who wins among London passengers? – Brand Index The drivers are fighting for the right to be classed as employees rather [...]