Jefferies and Cantor reach settlement on banker poaching squabble in London court November 1, 2021 American finance bigwigs Jefferies and Cantor Fitzgerald have reportedly agreed to settle a London lawsuit after a years-long battle that centred around a mass migration of bankers between the firms in multiple locations. It brings an almost three year lawsuit to an end, after Jefferies first filed a lawsuit in London against the brokerage and [...]
Beny Steinmetz’ BSGR bribed dictator’s wife to secure rights to run Guinean iron ore mine, US arbitration ruling says May 23, 2022 Beny Steinmetz’ mining company, BSGR, paid millions in bribes to the wife of Guinea’s former dictator to secure the rights to operate an iron mine in the West African country, a US arbitration ruling has said. The diamond magnate’s firm used “corrupt practices” to obtain licenses to mine Guinea’s Simandou iron ore deposit, the International [...]
Tesco Clubcard discount promo DID copy Lidl logo, High Court rules against UK’s largest supermarket April 19, 2023 German discount supermarket Lidl has won its trademark lawsuit against Tesco at London’s High Court over the use of a yellow circle on a square blue background. Lidl sued Tesco in 2020 shortly after Tesco adopted a yellow circle against a blue background to promote its “Tesco Clubcard Prices” discount scheme. Judge Joanna Smith said in a written ruling [...]
Influential shareholder group backs re-election of Barclays board despite concerns over ex CEO Staley April 17, 2023 Institutional Shareholder Services (ISS) recommended Barclays shareholders re-elect all of its board members, but admitted that “questions may be posed” over the board’s decision to back disgraced ex-CEO Jes Staley between 2019-2021. ISS argued that it was too soon to make a judgement on the board’s actions regarding Jes Staley, suggesting that investors wait for [...]
Going ahead: Prince Andrew to face sex case trial in US as judge dismisses motion by Duke of York’s legal team January 12, 2022 Prince Andrew will be tried over allegations he sexually assaulted Virginia Giuffre when she was underage after a US judge ruled her civil lawsuit can proceed. Judge Lewis A Kaplan’s decision is a huge blow for Andrew, whose lawyer argued earlier this month the case should be thrown out as Ms Giuffre had waived her [...]
Cineworld landlord files winding up petition against cinema chain August 27, 2022 One of Cineworld’s landlords has sent a winding up petition to the cinema chain following several High Court claims. According to filings, the claim was presented on Monday and it is understood that it was filed by the landlord of the Picturehouse cinema in Piccadilly. The cinema’s landlord won a £2.9m lawsuit against Cineworld last [...]
Las Vegas Grand Prix: F1 gamble paid off but class action shows not all hands were flushes November 20, 2023 If you’d looked at the result of the Las Vegas Grand Prix yesterday, you wouldn’t have been judged for not bothering to tune into the highlights as Max Verstappen racked up his 18th win of the season. But a Grand Prix weekend that felt like such a sham in the lead-up to Sunday morning’s start [...]
Sadiq Khan warns rebel boroughs against challenging ULEZ expansion February 6, 2023 Sadiq Khan has warned a number of rebel boroughs against challenging the London-wide expansion of the Ultra Low Emission Zone, or ULEZ, saying their case was “wholly without merit and misconceived.” Four Conservative boroughs sent a pre-action letter to Transport for London (TfL) on 13 January, challenging Khan’s decision to expand the ULEZ to Greater [...]
SEC sues Coinbase 24 hours after serving papers to rival exchange Binance June 6, 2023 The SEC is suing crypto exchange Coinbase, claiming its owners have been earning billions of dollars while operating illegally.
NSO Group nabbed £1.9bn EY valuation despite emergency bailout June 27, 2022 Israeli spyware firm NSO Group was given a $2.3bn (£1.9bn) valuation by EY just months before requiring a $10m emergency bailout.