A software engineer has sued BitMEX, alleging that the cryptocurrency exchange and trading platform founded by Reform UK donor Ben Delo sold him unlicensed crypto-derivatives, leading to losses of more than £10 million ($13.2 million).
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Commercial Litigation
THURSDAY, OCTOBER 15, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Trader Sues Crypto Firm Founded By Reform Donor For £10M

By Isabel Jackson

A software engineer has sued BitMEX, alleging that the cryptocurrency exchange and trading platform founded by Reform UK donor Ben Delo sold him unlicensed crypto-derivatives, leading to losses of more than £10 million ($13.2 million).

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BHS Lawyer Rejects Claim He Acted As Shadow Director

By Robbie Kalus

A City lawyer denied on Wednesday that he was a shadow director at British Home Stores prior to its collapse, insisting at a London court that his only role was to "advise and assist."

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Mike Tyson's Wife Jabs At Casino's 'Amateur Hour' Marketing

By Eddie Beaver

The wife of six-time world heavyweight champion Mike Tyson told a court Wednesday that she did not hand an online casino a "blank check" to use his name as part of a $2 million promotional deal, criticizing the company's marketing efforts as "amateur hour."

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Trump Dodging Deposition In Defamation Suit, BBC Says

By David Minsky

The BBC asked a Florida federal court to convene a hearing on whether President Donald Trump should be forced to sit for a deposition, saying he's not following through with obligations in his $10 billion defamation lawsuit against the broadcaster over a documentary on the January 2021 U.S. Capitol attack.

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CONTRACTS

Palantir Ends London Mayor Row Over Blocked £50M Deal

By Eddie Beaver

Palantir said Wednesday that it has settled its legal claim alleging that the London mayor's policing office unlawfully blocked the Metropolitan Police from awarding the data analytics company a £50 million ($66 million) software contract.

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COMPETITION

Sports Betting Tech Co. Faces EU, UK Antitrust Claims

By Alex Lawson

Sportsbook software company Altenar lobbed antitrust complaints against sports technology giant Sportradar in the European Union and United Kingdom on Wednesday, alleging that Sportradar is illegally blocking access to the essential data behind live odds during games.

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DATA PROTECTION

Oil Trader Challenges UK Sanctions For Russia Crude Trades

By Ronan Barnard

A Swiss commodities trader and its Dutch owner argued in a London court Wednesday that the company should not be sanctioned for trading in Russian oil, saying the decision was irrational because it had only traded on international commodities markets.

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PROPERTY & CONSTRUCTION

Building Co. Faces £5M Property Valuation Fraud Claim

By Isabel Jackson

A real estate lender has sued Colliers for at least £5 million ($7 million), accusing the building consultancy of providing fraudulent and dishonest reports that induced it to provide loan facilities to a construction company for two developments.

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EXPERT ANALYSIS

Leasehold Reforms Could Ease Property Deal Hurdles

A recent Law Commission consultation has put a spotlight on how current leasehold law complicates commercial property transactions, and while the proposed reforms will likely be small, they would provide landlords and tenants with a greater degree of certainty, say lawyers at Wilsons Solicitors.

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LAW FIRMS IN TODAY'S NEWS

11KBW

Ballard Spahr

Bird & Bird

Blackstone Chambers

Brick Court Chambers

Brito PLLC

Burges Salmon

Essex Court Chambers

Fountain Court Chambers

Freshfields

Hailsham Chambers

Haun Mena

Jones Day

Kennedys Law LLP

Keystone Law

Monckton Chambers

Seladore Legal

Wilsons Solicitors

COMPANIES IN TODAY'S NEWS

British Broadcasting Corp.

EMI Group Ltd.

HDR Global Trading Ltd.

House of Fraser

Major League Baseball Inc.

Netflix Inc.

Palantir Technologies Inc.

The Metropolitan Museum of Art

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition and Markets Authority

European Commission

European Union

Financial Conduct Authority

U.K. Foreign & Commonwealth Office

U.S. Department of Justice

U.S. District Court for the Southern District of Florida

U.S. Secret Service

UK High Court