Glencore threatened with class against lawsuit that could run into the billions December 5, 2019 Mining and commodities giant Glencore could be hit by a class action lawsuit running into the billions, a law firm said today. Glencore confirmed today that the Serious Fraud Office (SFO) had launched a bribery investigation into its activities. Read more: Glencore shares tumble on Serious Fraud Office bribery investigation US law firm Boies Schiller [...]
Law firm tries to muscle in on £1bn forex cartel claim November 6, 2019 US claimant law firm Hausfeld is trying to muscle in on a £1bn group action against a raft of banks who were found to have rigged the foreign exchange markets. The Competition Appeals Tribunal (CAT) heard today that Hausfeld is set to bring a claim by the end of November. The CAT was sitting for [...]
Daiwa Capital Markets faces $150m bill after Supreme Court appeal loss October 30, 2019 Daiwa Capital Markets Europe faces a $150m (£116m) bill after losing an appeal to the UK Supreme Court today. The court ruled in favour of Singularis Holdings – now in liquidation – in a claim for negligence against the English subsidiary of the Japanese bank. The case relates to a payment Daiwa made at the [...]
Litigation finance comes of age October 24, 2019 Once the preserve of hedge funds and other large institutions, private investors can now share in the potential high returns offered by litigation finance. The UK’s first litigation crowdfunding platform, AxiaFunder, which launched in January, enables primarily high-net-worth and sophisticated investors to provide funding to claimants who can’t afford to pay for their legal disputes. [...]
Let’s take a closer look at Neil Woodford’s dubious investment decisions October 23, 2019 The man with the Midas touch. That was how people saw Neil Woodford only a few short years ago. But things didn’t work out that well for King Midas in the end, and the same can be said for the former star manager, whose reputation is in tatters and whose investment empire now set to [...]
City Moves for 23 October – Who’s switching jobs at Jones Day, Merkle and Therium? October 23, 2019 Today’s City Moves includes Jones Day, Merkle and Therium Jones Day Global law firm Jones Day has announced the appointment of James Pickavance as a partner in the firm’s global disputes practice in its London office. James has nearly two decades of experience handling disputes around the world, representing contractors, owners, developers and consultants in [...]
City Moves for 21 October – Who’s switching jobs at Kemp Little, Fladgate and Unite? October 21, 2019 Today’s City Moves includes Kemp Little, Fladgate and Unte Kemp Little Leading technology and digital media law firm Kemp Little has announced that Matthew Irvine has joined the firm as an IT disputes partner. Matthew joins the company from international law firm Pinsent Masons. Matthew is a specialist disputes lawyer who helps clients to get [...]
Burford Capital goes to High Court to demand identities of traders who tanked its stock September 30, 2019 Litigation funder Burford Capital today said it had been the victim of market manipulation and said it had gone to court to get the London Stock Exchange (LSE) to disclose the identities of those involved. Burford’s shares tanked in value last month in response to a short attack by activist fund Muddy Waters. Read more: [...]
Muddy Waters says Burford ‘continues to evade key questions’ about its accounting policies September 24, 2019 Shortseller Muddy Waters today slammed Burford Capital’s defence of its accounting policies and said the litigation funder “continues to evade key questions”. Muddy Waters launched a bear attack on Burford last month, questioning its use of fair value accounting and sending its share price down 40 per cent. Burford funds legal cases in return for [...]
Shares in law firm Rosenblatt rise at it buys M&A boutique September 16, 2019 Shares in listed London law firm Rosenblatt rose today after it announced the acquisition of Manchester corporate finance boutique Convex Capital. Convex is a sell-side M&A corporate finance boutique which focuses on helping smaller companies in sales to large corporates. Read more: Rosenblatt launches litigation fund post-stock market float Rosenblatt said the deal was in [...]