Top Stories

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  Taylor Rose Fined £160K For Client Account Breaches

  By Jamie Lennox

  The Solicitors Regulation Authority said Thursday that it has fined Taylor Rose £160,100 ($216,000) for breachin...(read more)

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  Apple Cites Top Court Ruling In Bid To Ax £785M Class Action

  By Sophia Dourou

  Apple urged the Competition Appeal Tribunal on Wednesday to throw out a £785 million ($1 billion) class action b...(read more)

• Justice Council Weighs Overhaul To Solicitor Costs Regime 

  By Max Austin

  The Civil Justice Council launched a consultation Thursday on reforming solicitors' costs, which could change how solicitors bill clients and how disputes over their fees are resolved. 

• Ex-Rosenblatt Partner Fights To Revive Racism Case

  By Adele Redmond

  A former Rosenblatt partner argued on Thursday to resurrect his race discrimination claim against the law firm's senior figures and former chief executive, who he is suing for using a racial slur at a work dinner.

• WealthTek Clients To Get £19M Compensation From Adviser

  By Alex Davidson

  The Financial Conduct Authority said Thursday that investment adviser Sapia Partners LLP has agreed to pay £19.6 million ($26.5 million) to clients of WealthTek, a wealth manager that has since collapsed, after failing to protect client money.

• Lloyd's Syndicate Wins Bid To Group COVID-19 Event Losses

  By Eddie Beaver

  A Lloyd's of London syndicate can claim several million dollars from underwriters and insurance companies after venues shut down during the COVID-19 pandemic, as a London court ruled Thursday that government responses were the "cause" of the losses.

• Gov't Pulls Plug On Capita's Royal Mail Pensions Contract

  By Najiyya Budaly

  The government has canceled Capita PLC's contract to administer the statutory pension plan of Royal Mail because of delays by the outsourcer that mirrored its management of the civil service retirement plans.

• Nokia Fights English Court's Jurisdiction To Hear RAND Claim

  By Alex Baldwin

  Nokia told the Court of Appeal on Wednesday that the English courts have no business setting terms to license its suite of video-codec patents to Acer and Asus, marking the latest jurisdictional spat over standard-essential patents to reach the appellate court.

• Lenders Say Group Motor Finance Case Should Be Split Up

  By Ronan Barnard

  Several car finance providers sought on Wednesday to overturn a ruling that allows more than 5,000 customers to bring claims against them as a group, arguing at the Court of Appeal that they should be forced to bring the claims individually.

• LC&F Solicitor Banned For Backdating Docs To Mislead FCA

  By Christopher Crosby

  A solicitor found to have abetted a Ponzi scheme that siphoned off millions of pounds from British investors was banned from practicing on Wednesday after a disciplinary tribunal found that he had backdated documents to mislead auditors and regulators.

• FCA Leads 1st Raids On Illegal Crypto Traders

  By Alex Davidson

  The Financial Conduct Authority said Wednesday that it has led its first operation with other enforcement agencies to disrupt illegal peer-to-peer cryptocurrency trading in locations across London.

• Regulators Cut Burden On Senior Managers In Rule Changes

  By Alex Davidson

  The Financial Conduct Authority and Prudential Regulatory Authority set out on Wednesday finalized reforms to the Senior Managers and Certification Regime that will reduce costs and increase flexibility for businesses.

• SFO Looks Toward Technology, AI Overhaul After Ephgrave

  By Christopher Crosby

  The goal of the Serious Fraud Office to accelerate its investigations through intelligence-gathering and technology signals that the white-collar agency's new interim director will persist with plans put in place by predecessor Nick Ephgrave after his surprise exit earlier in April.

• FCA Faces Challenge Over Motor Finance Redress Formula

  By Eddie Beaver

  A consumer organization said Wednesday that it will bring a legal challenge to review how the Financial Conduct Authority's £7.5 billion ($10 billion) motor finance redress system is calculated, the first time such a program has been tested.