KPMG settles lawsuit over Quindell audit negligence claim November 14, 2022 KPMG has paid out £5m to settle a lawsuit over audit failings at UK insurance software group Quindell - now called Watchstone.
Quinn Emanuel to represent Credit Suisse AT1 bondholders as lawsuit inches closer April 3, 2023 Litigation specialists Quinn Emanuel have been instructed by a group of Credit Suisse bondholders to represent them in discussions with Swiss authorities and to prepare for “possible litigation” to recover losses from the forced takeover of Credit Suisse by UBS. Quinn Emanuel received a mandate from AT1 bondholders to represent them on Thursday last week, [...]
Lawsuit against City grandee Sir Stuart Lipton over 22 Bishopsgate is dropped March 22, 2023 A lawsuit filed against City grandee Sir Stuart Lipton over the development of 22 Bishopsgate has been dropped after a judge described the case against him as “wholly misleading.” Former business partner Hamid Alqumairi claimed he was key in fixing the deal to build one of London’s tallest skyscrapers and was owed £11 million in [...]
Silicon Valley Bank collapse poses ‘tremendous opportunity’, lawsuit funder LCM says March 14, 2023 The collapse of Silicon Valley Bank poses a “tremendous opportunity” for more lawsuits, funder Litigation Capital Management (LCM) has said. The firm is readying itself to profit on an uptick in bankruptcies as the global economy hits a slump, the company’s chief executive has said. The Australian financier, that in February made £7m in profits [...]
Claimants pile into Dogecoin lawsuit against Elon Musk September 8, 2022 A $258bn lawsuit accusing Elon Musk of running a “crypto pyramid scheme” to bolster the price of Dogecoin has expanded to include seven new claimants and six defendants, including The Boring Company. The lawsuit, first filed in a New York federal court in June, accuses the world’s richest man of running a ponzi scheme by [...]
Dechert hires ‘high stakes’ litigator to fight journalist’s ‘hack-and-smear’ lawsuit January 10, 2023 US law firm Dechert has hired “high-stakes” litigator Kaplan, Hecker & Fink to defend it from being sued by a former Wall Street Journal reporter, over claims it hired hackers to tarnish his reputation and push him out of a job. Dechert is being sued by the WSJ’s former chief foreign correspondent, Jay Solomon, over [...]
KPMG’s failings led to Carillion’s collapse, High Court lawsuit says November 28, 2022 KPMG’s incompetence in its audits of Carillion played a core part in the construction giant’s 2018 collapse, Carillion’s liquidators have said, as part of a £1.3bn lawsuit against the Big Four accounting firm. KPMG’s 2016 audit of Carillion lulled the construction firm’s board into a false sense of security that saw the firm make a [...]
Airbus warns of ‘material adverse impact’ from Qatar Airways lawsuit October 30, 2022 Plane manufacturer Airbus has warned investors it faces “material adverse impact” as the result of an ongoing court battle with Qatar Airways, over the Qatari airline’s claims it was forced to ground multiple aircraft due to an underlying “design defect” in Airbus’ planes. In a financial statement, Airbus said Qatar Airways’ lawsuit could have an [...]
UK government urged to provide clarity on ‘no win, no fee’ lawsuit deals October 30, 2022 The UK government should provide clarity on “no win, no fee” lawsuit pay agreements, the Law Society of England and Wales has said. The solicitor’s trade body’s call comes after the Court of Appeals ruled in favour of personal injury lawyers CAM Legal Services, over fees it charged in a “no win, no fee” claim. [...]
Mercedes Benz makes first UK court appearance as ‘dieselgate’ class-action lawsuit begins February 9, 2023 German carmaker Mercedes Benz today appeared in a UK court over its alleged part in the ‘dieselgate’ scandal. Lawyers acting on behalf Mercedes Benz drivers asked a London court to let them launch a class-action type lawsuit against the German firm over claims it cheated on emissions tests. Class-action specialists Leigh Day and Pogust [...]