Top Stories

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  £400M Rail Fare Class Action Collapses After Deadline Lapse

  By Joanne Faulkner

  A £400 million ($540 million) collective action against rail operator Govia Thameslink has collapsed after the c...(read more)

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  Kingsley Napley's James Alleyne On FCA's Misconduct Rules

  By Alex Davidson

  The Financial Conduct Authority's new rulebook on non-financial misconduct for 37,000 asset managers, insurers a...(read more)

• InterDigital Wins Another Injunction Against Disney At UPC

  By Jamie Lennox

  The Unified Patent Court on Wednesday restricted Disney's ability to equip its streaming services with a screen-casting function in parts of Europe, marking another defeat in its ongoing clash with InterDigital.

• Citibank Gets £4.7M UK Fine For Russia Sanctions Breach

  By Christopher Crosby

  Britain's sanctions watchdog said Wednesday that it has fined Citibank £4.7 million ($6.35 million) for processing almost 1,000 transactions over a span of three years despite financial restrictions imposed on Russia. 

• Latham-Led Lottomatica Agrees $3.2B Merger With Cirsa

  By Dawood Fakhir

  Italian company Lottomatica and a Spanish gaming business, Cirsa, said Wednesday that they have agreed to merge to create a European gaming and sports betting giant in a deal that values Cirsa at €2.8 billion ($3.2 billion), excluding debt.

• SFO, Dechert Settle ENRC's $290M Claim Over Criminal Probe

  By Christopher Crosby

  The Serious Fraud Office, Dechert LLP and Eurasian Natural Resources Corp. reached an out-of-court settlement on Wednesday, ending a long-running $290 million claim that accused the agency of mishandling a criminal investigation.

• Gibson Dunn-Led Veritas Gets Nod For £1.85B Takeover

  By Irene Madongo

  U.S. private equity company Veritas has agreed to buy British thermal-processing business Bodycote for £1.85 billion ($2.5 billion) inclusive of debt, the companies said Tuesday, potentially trumping rival propositions in a hotly contested bidding war.

• UK To Double OFSI's Maximum Sanctions Evasion Penalties

  By Tom Fish

  The government has announced a series of measures designed to strengthen sanctions enforcement, including a doubling of the maximum penalty available to the Office for Financial Sanctions Implementation for breaches. 

• Pinsent Steers Wood Group In £1.7B Pensions Deal With L&G

  By Tom Fish

  Engineering firm Wood Group has secured the retirement benefits for all 16,400 members of its pension plan with a £1.65 billion ($2.23 billion) buy-in, consultancy Lane Clark Peacock said Tuesday.

• Pogust Won't Budge As Clients Replace Firm In BHP Case

  By Robbie Kalus

  Pogust Goodhead insisted on Tuesday that it still represents claimants in the £36 billion ($48.7 billion) litigation over the Brazilian dam collapse against BHP, even though its clients have said that the firm had been replaced by Bailey Glasser.

• FCA Non-Financial Misconduct Regime Will Endanger Careers

  By Alex Davidson

  Financial Conduct Authority rules on non-financial misconduct, which take effect on Tuesday, could unfairly jeopardize careers as 37,000 non-banking finance businesses face a double whammy of wider enforcement risk and excessive caution showing through in hiring decisions and references, lawyers warned.

• Munich's FRAND Guidance Deepens Divide In SEP Framework

  By Alex Baldwin

  One of Germany's busiest patent forums has given tech companies a clear route to challenge offers to license patents deemed essential to technological standards, but lawyers say the comprehensive guidance on these disputes might drive a further divide between European patent forums.

• Broker Can Pursue £5M Claim Over Wrongful Asset Freeze

  By Eddie Beaver

  A brokerage can pursue a claim for more than £5 million ($6.8 million) in losses allegedly caused by a wrongly obtained freezing order after a London court ruled on Friday that it had credible evidence of damage to its business.

• Meta's Glasses Raise Data And Litigation Risks For Employers

  By Adele Redmond

  Lawyers have warned employers to create or update their policies on wearable tech as pubs, theaters and courts across the U.K. ban the use of Meta's smart glasses over fears that the user could covertly record staff interactions and private information.