Metallica sues Lloyd’s of London underwriters over postponed show losses June 15, 2021 Metallica is suing certain syndicates at Lloyd’s of London for allegedly refusing to pay out after the band was forced to postpone six South American shows due to Covid-19. The rock band filed paperwork in Los Angeles Superior Court last week, according to reports, in which they alleged the insurance market had breached its contract [...]
Burford executive accused of exchanging documents for sex tape in lawsuit August 22, 2019 A senior executive at Burford Capital has been accused of unlawfully trading “sensitive” documentas for a sex tape in a $91m (£75m) lawsuit in the High Court. The lawsuit marks the latest battle for the troubled litigation funder, which was subject to a short attack by US firm Muddy Waters earlier this month. Daniel Hall, [...]
Boohoo chief summoned to US court to explain ‘fake’ sales promotions claim July 31, 2021 The head of online fashion retailer Boohoo has been summoned to give evidence in a US court over allegations that the company promoted fake sales to attract customers. Mahmud Kamani will give evidence to a Los Angeles court remotely on or before 15 August in a four-hour deposition. Boohoo is accused of tricking customers into [...]
Supreme Court rules suspects have the right not to be named in criminal investigations in a ‘severe blow’ to the media February 16, 2022 The Supreme Court has ruled that suspects in a criminal investigation have the right not to be named by the press until charges are brought in a “severe blow” to the media’s role as the eyes and ears of the public It comes after Bloomberg lodged an appeal to the court after an unnamed businessman, [...]
Six Nations: England must learn from card despite spirited performance March 14, 2022 Eddie Jones cited England’s spirit and others will cite their determination to succeed against the odds. But in Ireland’s record 15-32 away Six Nations win yesterday, the hosts can only point to themselves to understand where it all went wrong. In what was effectively a knockout match to keep pace with France, the anticipation was [...]
Google Safari lawsuit: iPhone users win appeal to seek £3bn in damages October 2, 2019 Google faces a potential £3bn bill after judges ruled that a Google Safari tracking lawsuit on behalf of 4m iPhone users can proceed. The Court of Appeal today overruled the High Court’s dismissal of a case alleging that Google secretly tracked the web activity of more than 4m iPhone users. Read more: Google turns 21: [...]
Credit Suisse delays publishing Greensill failings report a week after police raid October 11, 2021 Credit Suisse has pushed back on publishing a report that details its own failings around the collapse of $10bn of investment funds it ran with Greensill Capital, a week after Swiss police raided its headquarters for related documents. Findings from the probe, which was carried out by Deloitte and Swiss law firm Walder Wyss, had [...]
Crypto Market Briefly Surpasses $1 Trillion as Adoption Keeps Growing January 11, 2021 CryptoCompare data shows the price of Bitcoin (BTC) moved up from around $30,000 at the start of the week to hit a new all-time high near $42,000 before enduring a steep correction. BTC is now trading close to $36,000. Ether (ETH), the second-largest cryptocurrency by market capitalization, moved from $780 to $1,300, a value close [...]
Brits could receive £480m payout in Qualcomm smartphone legal case February 25, 2021 Roughly 29m Brits could be entitled to a £480m payout if a landmark legal claim against US chipmaker Qualcomm is successful. Consumer group Which is suing Qualcomm over claims it breached UK competition law by taking advantage of its dominance in the patent-licensing and chipset market. The lawsuit alleges that this enabled the chipmaker to [...]
Visa and Plaid call off merger following regulatory challenge January 13, 2021 Visa and Plaid have called off their $5.3bn deal after an antitrust lawsuit threatened to scupper the deal. Visa announced it was buying the fintech this time last year in one of the biggest fintech deals ever. But on Tuesday both parties announced they had agreed to mutually end the agreement after regulatory opposition. In [...]