Samsung and Apple prepare for trial D-day August 19, 2012 APPLE and Samsung are this week due to find out the result of the US patent infringement trial that could have significant implications for the two tech giants and the wider mobile phone industry, after the two firms failed to carve out a deal at the weekend. The California jury will now decide the result [...]
SEC goes after Harbinger’s Falcone June 26, 2012 US securities regulators could file an enforcement action against hedge fund manager Philip Falcone as soon as this week, according to reports. The US Securities and Exchange Commission recently authorised the filing of a lawsuit against Falcone, who notified investors in his Harbinger Capital Partners fund about a year ago that he was being investigated [...]
Pessimism will engulf US corporate earnings October 8, 2012 EARNINGS season is underway. This week, investors will learn about the health of some of the biggest US companies. There is an air of pessimism. According to analyst surveys, earnings last quarter are expected to drop 2.4 per cent, and we may see more losses reported than profits for the first time in four years. But [...]
Litigation fund eyes special dividend August 17, 2012 Britain’s first quoted litigation investment fund, which bankrolls lawsuits in return for earning a share of awards, plans to pay a bumper dividend to investors after winning a further four cases worth £23m. The board of Juridica Investments Ltd is scheduled to meet on 6 September, before its September half-year results, to discuss a special [...]
Facebook agrees to pay a $10m settlement after users file suit June 17, 2012 FACEBOOK has agreed to pay $10m (£6.4m) to charity to settle a lawsuit that accused the site of violating users’ rights to control the use of their own names, photographs and likenesses, according to court documents made public over the weekend. The lawsuit, brought by five Facebook members, alleged the social networking site violated California [...]
Samsung’s loss is Nokia’s gain after Apple win August 27, 2012 NOKIA shares hit their highest point in more than four months yesterday on suggestions the Finnish phone manufacturer could be the biggest winner from Apple’s court victory over Samsung last week, while the Korean firm’s value plummeted. Analysts said that Nokia – which teamed up with Microsoft last year to launch a range of handsets [...]
Lawsuit sinks Henderson shares December 7, 2011 Shares in asset manager Henderson Group dropped 3.4 per cent to 114p yesterday, after sinking to 112p during the day, after it was revealed a group of pension funds is suing the firm over the handling of its investment in construction firm John Laing in 2006. The group is thought to include the BBC, Tesco [...]
APPLE PAYS $60M TO SETTLE DISPUTE IN CHINA July 2, 2012 APPLE has paid $60m (£38m) to Proview Technology (Shenzhen) to end a dispute over the iPad trademark in China that saw the world’s most valuable technology company engaged in a protracted legal tussle with a near-bankrupt Chinese firm. The lawsuit had hampered some sales and delayed the launch of the new iPad in China.
What the other papers say this morning September 5, 2012 FINANCIAL TIMES Citigroup targets European banks Citigroup is launching a commodity trade finance business to capitalise on the pullback from the market by European lenders such as BNP Paribas. European banks including BNP and Crédit Agricole are scaling back their presence to limit their need for scarce dollars and comply with tougher regulatory capital requirements. [...]
Britvic and AG Barr gear up for £1.4bn deal September 5, 2012 TANGO soft drink maker Britvic yesterday revealed it had been approached by AG Barr, maker of Scottish staple Irn-Bru, in a plucky bid to merge the two beverage firms. AG Barr, which is much smaller than Britvic with revenues of £237m versus £1.3bn, said yesterday there was a “compelling industrial logic” for the plan. The [...]