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Britain's highest court has struck down findings that the antitrust watchdog does not have to cover the legal costs arising from a failed market abuse case targeting drugmaker Pfizer and a distributor. (Sheldon Cooper/SOPA Images/LightRocket via Getty Images)

UK Regulators May Have To Pay For Failed Cases, Top Court Rules

Britain's highest court ruled Wednesday that British regulators are not shielded from the legal costs from failed enforcement cases, in findings that could have a chilling effect for bringing cases in the public interest.

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Universities Pension Fund Can't Sue Directors For Fraud

A judge refused Tuesday to let members of Britain's largest private pension scheme pursue fraud claims against its corporate trustee, ruling they couldn't clear the legal threshold for a derivative suit alleging that changes to the funding and benefits structure were negligent.

Glencore Admits Bribery, Manipulation In Global Settlement

Mining giant Glencore will pay more than $1.1 billion in criminal and civil penalties after pleading guilty to U.S. bribery and market manipulation charges Tuesday and said it will soon also admit to foreign corruption charges in the U.K.

KPMG Fined £3.4M For Missing Bribery In Rolls-Royce Audits

The U.K. accounting regulator said Tuesday it has fined KPMG Audit PLC £3.4 million ($4.3 million) over its handling of the accounts of Rolls-Royce Group PLC, the aero-engine maker that later reached a settlement with the Serious Fraud Office.

Swatch Group Wins IP Dispute Over Samsung Smartwatch

Samsung has infringed trademarks of some of the Swatch Group's biggest brands by allowing customers to download external apps for its smartwatch that replicate the face of the Swiss company's famous watches, a London court has ruled.

Bitcoin 'Inventor' Kicks Off Libel Trial Over Fraud Tweets

A lawyer for the self-proclaimed inventor of Bitcoin told a London court at the start of a libel trial on Monday that his reputation was "poisoned" by Twitter posts and interview comments by a podcaster calling the computer scientist a fraud.

Privy Council Blocks Victims Group's Oil Spill Class Action

The top court for British overseas territories ruled on Monday that a Trinidad and Tobago group claiming to represent victims of an oil spill could not bring a class action against an oil company because the organization did not have the right to represent residents.

Clearview AI Fined £7.5M For Facial Recognition Data Breach

Britain's privacy watchdog said on Monday that it has fined a facial recognition software company £7.5 million ($9.4 million) for breaching data protection laws and ordered it to delete images of U.K. citizens from its database.

Psychiatric Patient Gets OK To Sue G4S Unit For Negligence

A judge ruled Friday that a health care subsidiary of the security contractor G4S could not exit a negligence suit brought by a man its staff recommended releasing from police custody — only for him to kill three people the next day.

Businessman Cops To Spending Frozen Assets In SFO Suit

A British businessman convicted of stealing £35 million ($44 million) from a software company could face further prison time after admitting on Friday that he had spent £30,000 in breach of a court order.

Zurich Insurance Exits Russia With Local Sale

Swiss insurance giant Zurich said Friday it has agreed to sell off its Russian arm to shut down all its operations in the country, joining the wave of major multinationals leaving as the invasion of Ukraine nears its fourth month.

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