EY has settled a £2 billion ($2.73 billion) claim in London over its allegedly negligent auditing of collapsed health giant NMC Health and its failure to spot major fraud by shareholders at the hospital operator.
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TOP NEWS

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EY Settles £2B Negligence Case Over NMC Health Collapse

By Eddie Beaver

EY has settled a £2 billion ($2.73 billion) claim in London over its allegedly negligent auditing of collapsed health giant NMC Health and its failure to spot major fraud by shareholders at the hospital operator.

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Carter-Ruck Partner Can Claim Costs For Failed SRA Action

By Joanne Faulkner

The Solicitors Disciplinary Tribunal ruled Monday that a Carter-Ruck partner can in principle recover costs from the industry regulator after she was cleared of disciplinary charges linked to the OneCoin cryptocurrency scam, but said that the High Court should decide how much.

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Laing O'Rourke Must Pay £35M To Fix One Hyde Park Defects

By William Janes

Laing O'Rourke was ordered on Monday to pay the manager of a luxury apartment complex more than £35 million ($48 million) to cover the costs of repairing corroded pipework that the building firm negligently installed.

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Doreen Lawrence Felt 'Violated' By Alleged Mail Spying

By Ronan Barnard

Campaigner Doreen Lawrence told a trial on Monday that she felt "violated" when she was told that the publisher of the Daily Mail had spied on her unlawfully while it publicly supported her family's efforts to secure justice for her murdered son.

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CONTRACTS

CloudPay Blames Funding Issues For Stalled Payroll Project

By Eddie Beaver

A payments technology company has denied owing a finance consultant €17 million ($20.1 million) for halting a project aimed at providing a payroll financing product, claiming the roadblock was largely the result of the consultant's own difficulties in raising funds.

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INSURANCE

Broker Marsh Denies Stonegate's COVID Coverage Claims

By Joel Poultney

Insurance broker Marsh has said it is not liable for the alleged losses sustained by a group of companies in the Stonegate Pub Co. portfolio in the aftermath of the COVID-19 pandemic because it secured the cover it was asked to arrange.

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COMMERCIAL FRAUD

Broadcast Biz Denies Liability To Banks In £1.3B Fraud Case

By William Janes

A broadcasting equipment company has denied that it is liable to Lloyds Bank PLC and Bank of Scotland PLC if the lenders are found to have wrongly processed payments linked to an alleged £1.3 billion ($1.8 billion) fraud.

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INTELLECTUAL PROPERTY

Novartis Defends Hypertension Patent Against Teva Claims

By Hanna Vioque

Novartis has pushed back against Teva's invalidity claims over a supplementary protection certificate that extends protection for a hypertension treatment, accusing the generic drugs giant of preemptively filing claims before infringing the Swiss company's IP with a cheaper version. 

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EMPLOYMENT & BENEFITS

HSBC Must Face Contractor's Maternity Leave Bias Claims

By Hanna Vioque

HSBC has failed to convince an employment tribunal to nix an outsourced psychologist's pregnancy discrimination claims based on the fact that she submitted her complaint nearly two and a half months later, as she still had a shot of defending the delay at trial.

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LIBEL & DEFAMATION

Gaming Biz CEO Sues Creative Over 'Stain On Industry' Post

By Sophia Dourou

The chief executive of the gaming company behind the Sniper Elite series has sued a gaming narrative director, accusing her of defaming him in a LinkedIn post where she described him as "a stain on the industry."

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LEGAL ETHICS & MALPRACTICE

Solicitor Accused Clients Of Crimes Over Unpaid Bill

By Sophia Dourou

A solicitor made reports to international security agencies accusing his former clients of evading sanctions and trading with terrorists because of a dispute over unpaid fees, the Solicitors Regulation Authority told a tribunal Monday.

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PEOPLE

Pogust Goodhead Adds Quinn Emanuel Litigator To BHP Team

By Max Austin

Pogust Goodhead said Monday that it has hired a seasoned litigator from Quinn Emanuel Urquhart & Sullivan LLP to help handle the next stage of its £36 billion ($47 billion) case against mining giant BHP over the Mariana Dam disaster in Brazil.

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New Crown Solicitor Appointed For Northern Ireland

By Ashish Sareen

The U.K. government announced Monday that it has appointed Claire Archbold as the crown solicitor for Northern Ireland.

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LAW FIRMS IN TODAY'S NEWS

3 Verulam Buildings

4 New Square

7 King's Bench Walk

8 New Square

Akin Gump

Baker McKenzie

Bird & Bird

Brick Court Chambers

Carter-Ruck

Doughty Street Chambers

Essex Court Chambers

Eversheds Sutherland

Field Court Chambers

Fountain Court Chambers

Harbottle & Lewis

Holman Fenwick

Leach & Walker

Matrix Chambers

Morrison & Foerster

One Essex Court

Pinsent Masons

Pogust Goodhead

Quinn Emanuel

Reynolds Porter

Serle Court

Stephenson Harwood

Stewarts Law LLP

Three New Square

gunnercooke LLP

COMPANIES IN TODAY'S NEWS

Alvarez & Marsal Holdings LLC

Bank of Scotland PLC

British Broadcasting Corp.

Credit Suisse Group AG

Deutsche Bank AG

Ernst & Young LLP

Greensill Capital

HSBC Holdings PLC

Laing O'Rourke

LinkedIn Corp.

Lloyds Bank PLC

Lloyds Banking Group PLC

MS Amlin PLC

Meta Platforms Inc.

Novartis AG

SoftBank Group Corp.

Solicitors Disciplinary Tribunal

Solicitors Regulation Authority Ltd.

Synthon International Holding B.V.

Teva Pharmaceutical Industries Ltd.

The Goldman Sachs Group Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Financial Reporting Council

Serious Fraud Office

UK High Court