Top 25 law firm DAC Beachcroft seals £65m deal with HSBC and Lloyds to provide ‘firepower’ during covid downturn August 21, 2020 UK top 25 law firm DAC Beachcroft has sealed a £65m financing deal with Lloyds and HSBC to help give it the “firepower” to push through the covid-downturn. The London-headquartered law firm, which has 19 offices and more than 2,600 people around the world, said it boosted its finance facility to ensure its plans for [...]
Spotify settles $1.6bn lawsuit with independent publisher over songwriters’ rights December 21, 2018 Music streaming service Spotify has settled a lawsuit with Wixen Music Publishing, which had sought damages of $1.6bn (£1.3bn) regarding the hosting of thousands of songs without a sufficient copyright licence. Wixen accused Spotify of infringing the rights of songwriters and publishers on over 10,000 of its songs and underpaying them, while handing “outrageous annual salaries to its executives”. Some of [...]
Tech bosses blasted by US politicians over content moderation October 28, 2020 The bosses of Facebook, Twitter and Google faced attacks from US Senators this afternoon during a fiery hearing over how tech firms moderate content on their platforms. The tech chiefs were grilled by a US Senate committee for more than three and a half hours over Section 230 of the Communications Decency Act, which protects [...]
EY ‘failed to request Wirecard bank statements for three years’ June 26, 2020 EY failed to carry out a standard audit procedure on Wirecard for more than three years that could have uncovered colossal fraud at the fintech, it is claimed. The accounting firm, which has audited Wirecard for over a decade, has come under fire after the German fintech disclosed a €1.9bn black hole in its accounts. [...]
Meghan Markle loses first claim in Mail on Sunday legal battle May 1, 2020 Meghan Markle has lost the first stage of her legal battle against the Mail on Sunday over alleged breach of privacy. A High Court judge today sided with publisher Associated Newspapers and ruled that three aspects of Markle’s case should be ruled out. The lawsuit relates to the publication of a private letter sent by [...]
Budget airlines primed for land grab as flag carriers face change of flight path February 17, 2021 After nearly a year of intense disruption, one could be forgiven for expecting even Ryanair’s perennially bullish boss Michael O’Leary to be a little downcast about the state of his industry. But despite the near daily cries of anguish issuing from the airlines sector, the Irishman’s eyes are fixed firmly on the future. Speaking after [...]
Dispute getting you down? November 20, 2020 There are many services provided for small to medium sized businesses that do not get enough credit for their success and efficiency. Mediation is most certainly one of them. For those unfamiliar with the term “Mediation”, picture two or more parties to a commercial, or civil dispute seeking an alternative to the time consuming, extortionately [...]
In tearing up America’s democratic norms, Donald Trump leaves behind a poisonous legacy November 15, 2020 As I write this, with the states of Nevada, Pennsylvania, Georgia, Arizona, and North Carolina circling around him, the first term of Donald J. Trump as President of the United States is about to come to a shattering end. Notice that I said first term. For there is little doubt that the Republican Party remains [...]
Screenshot: Is the Super League the biggest PR disaster of all time? April 23, 2021 This week **Media Moment of the Week: Radio loses a legend **Is the Super League the biggest PR disaster of all time? **Is Netflix’s pandemic party finally over? Media Moment of the Week: Radio loses a legend For many Brits, radio has been a much-needed source of entertainment (and company) during the pandemic. But long [...]
Crypto mining firm Bitmain hit with $5m class action lawsuit November 26, 2018 The world's largest cryptocurrency mining hardware-maker Bitmain is facing a class action lawsuit in California, which is seeking $5m (£3.9m) in damages over allegations of unauthorised mining. Filed by lead plaintiff Gor Gevorkyan in California this month, the suit has alleged Bitmain used power from its customers during the initial set-up of its ASIC mining device to mine currencies without their knowledge [...]