P&O Ferries settles with laid-off chef following unlawful firing of 800 staff September 30, 2022 P&O Ferries has settled an employment lawsuit brought forward by one of the nearly 800 seafarers it unlawfully fired in March. The ferry operator settled a case with one of its former chefs for an undisclosed sum after the Dubai-owned company admitted breaking the law by firing 800 staff, without consultation, over a pre-recorded video [...]
Cayman Islands fund manager convicted over role in £100m ‘no win, no fee’ investment fraud August 10, 2022 The founder of a Cayman Islands investment fund, that bankrolled ‘no win, no fee’ lawsuits, has been convicted of using a complex network of overseas trust to defraud investors of millions. Timothy Schools, investment manager at the Cayman Islands headquartered Axiom Legal Financing Fund, used investors cash to fund his luxury lifestyle, that saw [...]
Twitter turned WeChat: Musk lays out ambitions for $44bn takeover June 18, 2022 Tesla chief executive Elon Musk has framed his ambitions for Twitter as similar to China's WeChat: an all-encompassing messaging app and social media.
Bruised Home REIT suspends shares after accusations and delayed accounts January 3, 2023 Beleaguered property investor Home REIT announced it would suspend trading on the London Stock Exchange today after being rocked by a slew of accusations over the quality of its tenants and the sustainability of its business model. The housing firm, which buys up properties and leases them to charities for those without permanent addresses, has [...]
Tulipshare accuses Johnson & Johnson of silencing investors over carcinogenic baby powder February 17, 2022 Activist investment platform Tulipshare has accused healtchare giant Johnson & Johnson (J&J) of stifling debate and “silencing investors” after the firm pushed pushed back on calls to withdraw a potentially dangerous baby powder from the market.
HS2 rushes to purchase land for phase one opening January 9, 2022 HS2 is rushing to acquire several square kilometres of land needed to complete the project’s first phase. Out of the 70km2 needed to connect London to Birmingham, 13km2 are yet to be acquired, a freedom of information request put forward by the Telegraph has revealed. The land for the project can be forcibly bought by [...]
Musk sued for not making Twitter stake increase public April 13, 2022 Elon Musk is being sued because he didn’t make public he had bought a major stake in Twitter. The Tesla and SpaceX billionaire, who recently became the largest shareholder in the social media giant, is facing action from investors in a New York federal court. This comes after Musk bought 9.2 per cent in Twitter [...]
Apple sues cyber firm NSO for alleged surveillance of US users November 23, 2021 Apple has filed a lawsuit against Israeli spyware firm NSO Group and its parent company for alleged surveillance and targeting of US Apple users. In a lawsuit filed on Tuesday, Apple has accused cyber firm NSO and its owner OSY Technologies for spying on Americans with its Pegasus spyware. It is hoping to ban NSO [...]
UK Foreign Office to pay £423,000 to settle whistleblower’s employment claim July 4, 2022 The UK government has agreed to pay £423,000 to settle an employment lawsuit brought forward by one of its former prosecutors, over claims she was pushed out of her job at the Foreign Office, after she sought to blow the whistle on corruption involving suspected Kosovo criminals and officials from the EU. International prosecutor Mariah [...]
Patents for driverless car technology rise as makers try to avoid litigation July 4, 2022 Patents for automotive wireless technology submitted by car makers have jumped by 4.9 per cent in the last year, according to research published today. Figures from intellectual property law firm Mathys & Squire went up from 945 in 2020 to 991 – a threefold increase on 2016 levels. According to Mathys & Squire, the reason [...]