SFO To Take £491K More From Convicted Financial Adviser

By Christopher Crosby

A fake financial adviser imprisoned more than a decade ago for swindling British expats in Indonesia must repay an additional £491,000 ($650,000) after investigators found new properties, luxury cars and several bank accounts, the Serious Fraud Office said Friday.

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Appeals Court Scraps Redo Of Pfizer, Flynn Drug Fines

By Joanne Faulkner

The Court of Appeal ruled on Friday that the Competition Appeal Tribunal was wrong to remake a decision to fine Pfizer Ltd. and Flynn Pharma Ltd. £70 million ($93 million) for excessive pricing, finding that the process was tainted by procedural unfairness.

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Mex Group Faces $170M Claim Over 'Misused' Freezing Order

By Eddie Beaver

A business executive and two financial services companies said Friday that they are seeking more than $170 million from Mex Group over alleged losses stemming from a worldwide freezing order that they say the trading group weaponized after its conspiracy case against them collapsed.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Megan Norcott

The past week in London has seen Royal Mail Pension Plan companies sue Wates Construction after investing in a Cambridge development project, law firm Ronald Fletcher Baker launch proceedings against several former partners and the rival firm they moved to, Lansdowne Law, and energy group VAROPreem bring an intellectual property claim against North Sea producer Viaro Energy and its chief executive. Here, Law360 looks at these and other new claims in the U.K...

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Software Co. Sellers Deny Inflating Finances In Criteo Deal

By Sophia Dourou

Investors in a communications software provider have hit back against a £7.5 million ($9.9 million) claim brought by BidSwitch, denying that they fraudulently inflated the financial position of the company in an attempt to persuade the internet advertising broker to buy it.

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FX Biz Beats Liability Ruling Over £35M Briefcase Cash Case

By William Janes

A Singapore-based foreign exchange company won a bid on Friday to overturn a ruling that held it liable for nearly $2 million that disappeared during a cash-transfer operation involving £35 million ($46.3 million) in banknotes moved between the two countries.

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Law Firm Revives Bid To Ax Negligence Suit Over SOCA Case

By Hanna Vioque

A London judge has dismissed an order requiring a law firm to pay £27,500 ($36,355), ruling that a new court should consider the firm's bid to put an end to a couple's claims of professional negligence in a wider case over drug trafficking allegations. 

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EU Adviser Backs ECB Refusal Of Latvian Bank's Info Request

By Sophia Dourou

The European Central Bank was entitled to partially refuse a request by ABLV Bank for correspondence in the lead-up to the Latvian lender being shuttered amid money laundering concerns, an adviser to the EU's top court has said.

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