Ukraine vows to “vigorously” defend itself after Russia takes it to London court over unpaid €3bn bond February 18, 2016 Ukraine has vowed to vigorously defend its interests as it gears up for a London legal battle with Russia over unpaid debt. Ukraine failed to repay a €3bn (£2.3bn) loan in December. The country argues it cannot repay the loan as it would favour Russia over other investors – Russia did not take part in a [...]
Google has paid Apple $1bn to keep its search on iPhones – and has generated over $36bn from Android January 22, 2016 Google is paying a pretty penny to remain the default search bar on Apple’s iPhones. The tech giant paid its rival $1bn in 2014 to keep its search engine on iOS products like iPhones and iPads, court records have shown. Apple was also reportedly raking in a 34 per cent slice of Google’s sales through iOS devices [...]
Dutch court says Nigerian farmers can sue Royal Dutch Shell over oil spills in Niger Delta December 18, 2015 Royal Dutch Shell could have to pay compensation for oil spills in Nigeria, following a landmark ruling by the Dutch appeals court. During a five minute verdict given this morning, judges at the Hague ordered the oil giant to hand over documents relating to oil spills in the Niger Delta, where the company's subsidiary Shell [...]
Tesco faces US lawsuits over profit scandal March 24, 2015 A GROUP of angry shareholders are launching a lawsuit against Tesco and seeking billions of pounds in compensation over last year’s accounting scandal that led to a huge black hole in profits. Tesco has suffered one of the most turbulent years in its history following revelations at the end of last year it overstated profits [...]
The US Environmental Protection Agency is suing Volkswagen for billions of dollars over clean air violations January 5, 2016 The US Environmental Protection Agency (EPA) has filed a lawsuit with a court in Detroit over clean air violations which could cost it billions of dollars. Documents filed with a court in Detroit yesterday allege VW and its subsidiaries "violated" clean air laws by selling vehicles that weren't as described to the EPA. "Nearly 600,000 diesel engine vehicles [...]
HP files lawsuit against Autonomy execs claiming billions in damages March 31, 2015 HP has filed a lawsuit in the British High Court alleging fraudulent activity by the founder and finance chief of the British company Autonomy which it bought in 2011 for $11bn. The US tech firm which later took an $8.8bn writedown on the acquisition is claiming damages from Autonomy founder Mike Lynch and former CFO [...]
Class action suit being brought against Barclays, UBS, Royal Bank of Scotland and others for conspiring to limit competition November 26, 2015 Big-name banks including Goldman Sachs, Barclays, UBS and the Royal Bank of Scotland have been accused of conspiring to limit competition by a pension fund in the US. The class action lawsuit filed yesterday says that the banks, which also include Bank of America Merrill Lynch, JPMorgan Chase, Citigroup, Credit Suisse Group, BNP Paribas and [...]
Class action suit brought against Barclays, BNP Paribas and eight more November 26, 2015 Big-name banks including Goldman Sachs, Barclays, UBS and the Royal Bank of Scotland have been accused of conspiring to limit competition by a pension fund in the US. The class action lawsuit filed yesterday says that the banks, which also include Bank of America Merrill Lynch, JPMorgan Chase, Citigroup, Credit Suisse Group, BNP Paribas and [...]
Vodafone sues KPN for £83m for “anti-competitive” behaviour December 10, 2015 Vodafone has filed a lawsuit against KPN for alleged anti-competitive behaviour, seeking €115m (£83m) in damages from the leading Dutch telco firm. Vodafone claims that its launch of combined TV, broadband and telephone services was delayed for three years, due to the former state monopoly not supplying the necessary technology. Rob Shuter, chief executive of [...]
Personality clash: Dealing with conflict in the workplace March 3, 2016 Most of us will encounter difficult individuals at some point in our careers. Whether it’s an overly negative colleague or an overbearing contact, the confines of the modern workplace give us little choice but to face these people head on. Behind the headlines of employment lawsuits, there often lies a clash of personalities. And there [...]