Worldpay Suit Paused Amid Police Bid For Freezing Orders
Law360, London (July 27, 2020, 1:53 PM BST) -- A $5.4 million lawsuit targeting payment processor Worldpay has been put on hold after the merchants seeking the return of deposits became the target of asset-freezing applications filed by police.
Judge Sara Cockerill has ruled at the High Court that the proceeding being led by Firefly Trading should be stayed to await the outcome of orders sought under the Proceeds of Crime Act against the company and the other claimants. Her order, filed on July 21, says the case could resume 28 days after any final order connected to the asset-freezing applications.
Ten companies have accused Worldpay (UK) Ltd. and two affiliates of...
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