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.
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.
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.
An insurance software provider said Thursday it has bought a commercial lines policy administration and product distribution company, in a deal guided by Capital Law.
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.
