Shareholder claims against listed companies continue to attract investors and funders despite the lack of a clear, trial-tested route to recovery for group actions, as lawyers say that the potential value of the claims and the prospect of settlement can make the legal uncertainty worth taking on.
Shareholder claims against listed companies continue to attract investors and funders despite the lack of a clear, trial-tested route to recovery for group actions, as lawyers say that the potential value of the claims and the prospect of settlement can make the legal uncertainty worth taking on.
Britpop band Oasis has stopped a collection of unheard recordings from the 1990s from going on sale after filing legal action in a London court that has prompted an auction house to postpone the sale.
Argentina President Javier Milei has told the British government to cease development of the Sea Lion oil drilling project off the coast of the Falkland Islands, threatening to initiate international arbitration proceedings over the "illegal plundering" of the archipelago of Atlantic islands also known as the Malvinas.
A group of more than 6,000 Madagascan people have sued mining giant Rio Tinto at a London court for allegedly contaminating their local environment with lead, uranium and other harmful metals, Leigh Day said on Wednesday.
The Court of Appeal has overturned a judgment requiring a cryptocurrency exchange to pay £1.7 million ($2.3 million) to the victim of a bitcoin scam, finding that the company was blameless and the order based on flawed evidence.
An investment firm has sued Knight Frank LLP for £17.2 million ($22.8 million), alleging that the property adviser negligently overvalued a portfolio of residential properties used to secure an £80 million loan.
An engineering company has hit back against a former client's £3 million ($4 million) negligence claim, denying liability for water damage and other defects caused by an extension to a property in the English midlands.
An insurance broker has sued a global payroll platform for £16.2 million ($21.5 million) for allegedly terminating an agreement early and switching to a rival company.
A Pakistani information technology hardware company has accused two former business partners of conspiring to seize control of an English IT venture they established together and cut it out of a 75% beneficial interest.
A Latvian investor has sued Hertz for $1.1 million, alleging that the car hire giant fraudulently sold him an exclusive master franchise for Russia despite lacking the right to do so.
The D.C. Circuit is set to decide whether it was "repugnant" of a Swedish court to retroactively cancel an arbitration agreement after a $40 million award had already been won, based on a finding that European Union law didn't allow it.
Biopharma business Nxera has settled its dispute over engineered proteins after a rival admitted it had infringed two of Nxera's patents covering cell membrane stabilizers that are used in drug discovery research.
Law firm Laytons LLP has denied a claim that it cost a letting agency more than £2.6 million ($3.4 million) in tax liabilities, arguing it was never actually instructed to review offshore tax advice allegedly bungled by White & Case LLP.
A London judge ordered that receivers should be appointed over the assets of the Vietnamese budget airline VietJet on Wednesday, as a subsidiary of an international private investment company seeks to claw back most of a judgment debt over $250 million.
