Carphone Warehouse Fined £29M For Misselling Insurance
Law360 (March 13, 2019, 7:45 AM EDT) -- The Financial Conduct Authority said Wednesday it has fined British mobile retailer Carphone Warehouse £29.1 million ($38.3 million) for misselling insurance and technical support products, following reports from whistleblowers.
Carphone Warehouse trained staff in “spin-selling” of cover for its mobile phone insurance and technical support product, even if potential buyers were already insured elsewhere, the FCA has said. (AP) The City watchdog said The Carphone Warehouse Ltd. had trained its staff on “spin-selling” of insurance products, in which the focus was on persuading customers to buy cover for Geek Squad, a mobile phone insurance and technical support product — even if...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!
Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.