Litigation funder Innsworth Capital has dropped its arbitration claim against Walter Merricks over his decision to settle the Mastercard swipe fees case for £200 million ($270 million), clearing the way for compensation to be distributed to consumers.
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Innsworth Drops Merricks Arbitration Claim After £63M Payout

By Robbie Kalus

Litigation funder Innsworth Capital has dropped its arbitration claim against Walter Merricks over his decision to settle the Mastercard swipe fees case for £200 million ($270 million), clearing the way for compensation to be distributed to consumers.

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Retailer Wins Pause In €272M Debt Fight Over NY Suit Overlap

By Eddie Beaver

A London court stayed an English claim arising from the enforcement of a Dutch lingerie retailer's €272.5 million ($314 million) debt, ruling Thursday that it substantially overlaps with an earlier New York action involving the same underlying dispute.

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Financial Discovery Halted In Trump's Fla. Suit Against BBC

By David Minsky

A Florida federal judge on Thursday paused an order requiring The Donald J. Trump Revocable Trust to produce financial documents justifying $10 billion the president seeks in his defamation lawsuit over BBC's documentary about the Jan. 6, 2021, U.S. Capitol attack, citing the representation that Donald Trump's counsel will file a new complaint.

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CONTRACTS

Law Firm Settles Claim Over Advice On Flat Purchases

By Jamie Lennox

A group of 17 investors have settled their claim in a London court that a law firm caused them to lose their deposits in a botched property investment project by allegedly failing to advise them of the risks involved in the deal.

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INSURANCE

Fake D&G Cold Callers Held In Contempt For Misleading Court

By Joel Poultney

A London judge has held two people linked to businesses that falsely claimed ties to Domestic & General during cold calls in criminal contempt of court for giving "knowingly false" evidence during litigation.

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ARBITRATION

Energy Co. Says Russia Can't Relitigate $219M Crimea Award

By Corey Rothauser

Ukrainian energy supplier DTEK Krymenergo urged a Washington, D.C., federal court on Wednesday to enforce a $219 million arbitral award against Russia, arguing that the country is improperly repackaging a treaty interpretation claim that the D.C. Circuit has already rejected.

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INTELLECTUAL PROPERTY

Tech Biz Denies Copying Software To Win Phone Deal

By Max Austin

A software developer has denied unlawfully accessing a rival's database to steal a supply contract with a Three Mobile unit, telling a London court that it independently built a replacement data management tool at the telecom company's request.

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EMPLOYMENT & BENEFITS

'Loose Women' Host Claims Anti-Zionist Bias In Her Removal

By Hanna Vioque

Lawyers for a talk show host on "Loose Women" said Thursday that they were suing ITV on her behalf, claiming the network had taken Nadia Sawalha off air after two decades discussing entertainment news and current affairs because of her anti-Zionist views.

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HSBC Beats Bias Claims From Worker Who Relied On AI

By Hanna Vioque

An employment tribunal has struck out a staff member's race and disability discrimination claims against HSBC, finding that her arguments, which were based in part on AI-generated advice, showed a "fundamental misunderstanding" of the law.

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Bipolar Worker Fired On Suspicion Of Drug Taking Wins £50K

By Max Austin

A tribunal has ordered a freight transporter to pay a former manager almost £50,000 ($67,200) after it blamed her sudden drowsiness on drugs or alcohol without considering whether her symptoms stemmed from bipolar medication.

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EXPERT ANALYSIS

Saxon Woods Ruling Clarifies Directors' Duty Of Good Faith

The U.K. Supreme Court’s recent landmark judgment in Saxon Woods sends a clear message to businesses that a director's conduct must withstand objective scrutiny, affirming that even if an individual believes they are acting in the company's best interests, they cannot deceive fellow board members, says Richard Clayman at Kingsley Napley.

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LAW FIRMS IN TODAY'S NEWS

4 Pump Court

8 New Square

Ballard Spahr

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Curtis Mallet-Prevost

Haun Mena

Janes Solicitors

Kennedys Law LLP

Kingsley Napley

Kobre & Kim

Lewis Silkin

Littleton Chambers

One Essex Court

Outer Temple Chambers

Pallas Partners

Penningtons Manches

Sharpe Pritchard

Stephenson Harwood

XXIV Old Buildings

COMPANIES IN TODAY'S NEWS

British Broadcasting Corp.

HSBC Holdings PLC

Instagram Inc.

Investments Ltd.

MasterCard Inc.

Redwood Capital Management LLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition Appeal Tribunal

U.S. Attorney's Office for the Southern District of Florida

U.S. District Court for the District of Columbia

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

U.S. Supreme Court

UK High Court

United Nations