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Traders' Loss Raises High Bar For Bankers To Clear Names
The failure of two former traders to overturn their rate-rigging convictions could mark the end of the road for others convicted in connection with the scandal because of the reluctance of the English courts to topple precedent, lawyers say.
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A former manager at a plastics company was found guilty of insider dealing on Thursday by a London jury, but his friend was acquitted of similar charges in connection with the £261 million ($329 million) purchase of a rival company.
Major insurers including Allianz, AXA and Liberty Mutual will have to face £13 billion ($16.4 billion) worth of claims over planes stranded in Russia after the invasion of Ukraine as a London judge on Thursday ruled against attempts to move the claims to Moscow.
A property developer is suing its former lawyers for just over £700,000 ($883,500) for negligence after the firm allegedly failed to file a complaint against a now-infamous turnaround unit of the Royal Bank of Scotland when its investments turned sour in the wake of the 2008 financial crisis.
A school did not discriminate against a teacher based on his "gender critical" beliefs when it axed him for refusing to refer to a student using their preferred name and pronouns, a tribunal has ruled.
Bristows LLP intellectual property leaders Matthew Warren and Robert Burrows have seen much change in their decades of advising clients, but they say the pace has “increased significantly” in recent years. Here, they talk to Law360 about artificial intelligence, the latest developments in FRAND disputes and other trends in IP litigation.
A London judge on Thursday ordered part of a group of investors suing Standard Chartered PLC for £1.4 billion ($1.7 billion) — for allegedly downplaying how much it had breached U.S. sanctions — to prove they are entitled to bring the claim.
Amigo Holdings PLC said on Thursday that it has raised cash and is looking for a reverse takeover target so that it can continue operating as a listed company, amid the planned liquidation of its troubled subprime lending arm.
Non-disclosure agreements that prevent victims from reporting potential crimes are to become unenforceable, the government said Thursday as it announced plans to "clarify" the law governing the controversial contracts.
Statutory sick pay is falling short of its role as a safety net and should be increased to match minimum maternity pay, MPs said Thursday in a report calling for major reforms to the entitlement.
Bayer AG can briefly block its rivals from selling generic versions of anticoagulant Xarelto at its protected once-daily dosage while both sides await a ruling on the validity of the patent, a London court said on Wednesday.