Property mogul Vincent Tchenguiz sues Icelandic bank Kaupthing and accountants Grant Thornton for £2.2bn over fraud probe November 27, 2014 Vincent Tchenguiz has filed a lawsuit for £2.2bn in damages against Icelandic bank Kaupthing and accountants Grant Thornton. The case involves an investigation into property mogul Tchenguiz by the Serious Fraud Office that eventually collapsed. “It is clear to me that the Serious Fraud Office was deliberately manipulated into investigating me by people who intended [...]
HP vs Autonomy: “Insufficient evidence” to convict, says Serious Fraud Office January 19, 2015 More news on the epic battle between Hewlett-Packard (HP) and UK-based software company Autonomy. The Serious Fraud Office (SFO) said today it has closed its investigation into the British company, despite accusations from HP that it had committed accounting fraud. Autonomy, then a darling of the UK's technology startup community, was sold to HP for [...]
Microsoft insists Samsung still owes it $6.9m in unpaid interest October 5, 2014 Microsoft is suing Samsung for $6.9m (£4.33m) in unpaid interest, an unsealed lawsuit has revealed. In August Microsoft announced it was suing the South Korean firm in a dispute over unpaid interest on Android patent royalties. The lawsuit, made public by a New York federal court, reveals that although Microsoft has already received $1bn in [...]
Microsoft insists Samsung owes it $6.9m in unpaid interest October 5, 2014 Microsoft is suing Samsung for $6.9m (£4.33m) in unpaid interest, an unsealed lawsuit has revealed. In August Microsoft announced it was suing the South Korean firm in a dispute over unpaid interest on Android patent royalties. The lawsuit, now made public by a New York federal court, reveals that although Microsoft has already [...]
Shareholders to take on Lloyds over HBOS deal October 27, 2014 FORMER Lloyds TSB shareholders are gearing up for legal action over the ill-starred acquisition of Halifax Bank of Scotland (HBOS), in one of the largest funded actions ever started in the UK. Lawyers acting for thousands of retail and City institutional investors are looking for millions of pounds from the bank over claims it misled [...]
Curb “patent privateers” to protect intellectual property October 24, 2014 Effective intellectual property protections are imperative to maintaining a robust economy and promoting innovation—and patents are an important facet of this regime. Unfortunately, bad actors are exploiting loopholes for personal gain and threatening the health of the current system—one that is generally working well. Lurking in murky legal waters, “Patent Privateers” are abusing protections and [...]
Twitter sues US government for the right to release surveillance information October 7, 2014 Twitter is taking on the US government. The social media giant has filed a lawsuit against the FBI and the Department of Justice for restrictions preventing it from revealing the extent of US government surveillance of the site. Twitter argues the prohibitions are “unconstitutional” and deny its users a sufficient level of transparency. [...]
EC to decide on EDF’s £16bn Hinkley Point nuclear plant project today October 8, 2014 The European Commission is to decide today whether controversial plans to build a government-backed nuclear power plant in Somerset will go ahead. Proposals for the £16bn Hinkley Point plant, which will be built by French energy giant EDF, are being examined by the EC to establish whether the deal constitutes illegal aid. If [...]
Getty Images taking Microsoft to court over new Bing Widget online photo tool September 4, 2014 Microsoft has launched a new online product that Getty Images says allows website publishers to embed digital photographs on their sites and is a “massive infringement” of copyrighted images, the photo agency claimed in a lawsuit filed in federal court in New York yesterday. Microsoft’s Bing Image Widget, released on 22 August, gives publishers the [...]
Europe starts lawsuit against Britain over pollution failings February 20, 2014 EUROPE is taking Britain to court for failing to tackle unacceptably high levels of pollution. The European Commission has complained that the UK has not set out a plan to improve levels of toxic nitrogen dioxide in its cities, despite being granted an extension until 2015 to sort out the problem. London will not be [...]