Kuwait's pensions authority can recover almost $1 billion after its former director orchestrated an unlawful scheme of corrupt payments on a "breathtaking scale," a London court ruled Thursday.
Kuwait's pensions authority can recover almost $1 billion after its former director orchestrated an unlawful scheme of corrupt payments on a "breathtaking scale," a London court ruled Thursday.
Aerospace giant Leonardo argued Thursday in a London court that it needs flight data from the helicopter crash that killed Khun Vichai Srivaddhanaprabha to defend against a £2.15 billion ($3 billion) claim from the late Thai billionaire's family.
Mex Group told a court on Thursday that its former general counsel committed contempt of court by sharing legal submissions and discussing allegedly forged evidence with defendants in separate litigation brought by the investment company, in breach of promises he gave to the court.
A second group of institutional investors sued Kingspan on Thursday over alleged Grenfell Tower-linked breaches, a month after more than 60 investors sought more than €100 million ($112 million) from the building materials giant.
A developer must repay almost £46 million ($62 million) to the U.K. government's fire safety remediation fund for fixing tower block defects after a tribunal ruled on Thursday that the company developed the buildings and benefited commercially from them.
The former Russian subsidiary of Baker Hughes has sued the U.K. treasury arm of the business, seeking to enforce a €3.7 million ($4.15 million) Moscow judgment over an unpaid loan.
A wealth management group has sued Gallagher for £20 million ($27 million) at a London court, alleging that the brokerage failed to warn it that insurers could avoid liability for payouts under a redress program for tanked pension investments.
The Court of Arbitration for Sport Anti-Doping Division has sanctioned Romanian gymnast Ana Maria Barbosu by banning her from competition for two years, finding that the Olympic athlete missed three unannounced doping control tests.
A London court said Thursday that Victoria's Secret can pursue claims in the U.S. that shirtmaker Thomas Pink has infringed its "PINK" trademarks, ruling that a 2015 settlement agreement does not preclude the claim.
Three former employees of a wealth manager being sued in the High Court for poaching staff and client accounts worth millions of pounds have denied they acted unlawfully.
To minimize the risk of exposure to shareholder claims amid a continuing rise in securities litigation, companies must evaluate exposure, protect privilege and keep an eye on pending litigation, such as the recent investor claims filed against British American Tobacco and Entain, say lawyers at Simpson Thacher.
