Top Stories

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  Visa, Mastercard Face £700M Claim Over Brexit Fee Hikes

  By Laura Stewart Liberty

  Visa and Mastercard are facing a collective action from U.K. businesses seeking more than £700 million ($925 mil...(read more)

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  Pogust Goodhead Returns To PGMBM Amid Naming Dispute

  By Marialuisa Taddia

  Pogust Goodhead has changed its name back to PGMBM after both its founders threatened litigation if the firm con...(read more)

• CMA Mulls Fixes To $6.6B Acquisition Of NCR By Brink's

  By Irene Madongo

  The U.K.'s antitrust regulator said Thursday it is considering solutions from The Brink's Co. to address competition concerns over the ATM operator's approximately $6.6 billion proposed acquisition of cash machines business NCR Atleos.

• MFS Ex-Chief Raja Delays Ruling On £242M Funneling Claim

  By Robbie Kalus

  The former chief executive of collapsed lender Market Financial Solutions avoided on Thursday an imminent hearing over claims he funneled millions of pounds from a financial intermediary linked to MFS into companies he owned and controlled.

• Motorists Vow To Fight Dieselgate Ruling At Court of Appeal

  By Joanne Faulkner

  Motorists said on Thursday they would challenge at the Court of Appeal findings that most vehicles in a diesel emissions trial involving some of the largest carmakers contained no unlawful "defeat devices" after the trial judge rejected their request to appeal. 

• Kingspan Fined €40M Over Misleading EU Merger Info

  By Tom Fish

  The European Commission said Thursday it fined the Irish building materials giant Kingspan Group PLC €40 million ($44.7 million) for providing "incorrect and misleading information" while the executive body investigated its planned acquisition of a Slovenian manufacturer.

• SFO Told To Pay Interest To Cleared Ex-Barclays Traders

  By Christopher Crosby

  The Serious Fraud Office and the government should repay hundreds of thousands of pounds, with interest, that was confiscated from five City traders whose convictions for rate-rigging were quashed, lawyers for the men told an appeals court Thursday.

• MS Amlin, Lancashire Settle Fight Over Planes Stuck In Russia

  By Joel Poultney

  Insurers MS Amlin and Lancashire have separately agreed to undisclosed settlement terms with scores of aircraft leasing companies that sued to claw back money for planes stranded in Russia after the country's invasion of Ukraine.

• Watchdog Says SFO Can't Reliably Track Privileged Materials

  By Christopher Crosby

  The Serious Fraud Office's lack of a reliable system for keeping track of confidential communications to and from lawyers, and its reliance on external lawyers to understand whether materials are legally privileged, poses a "significant risk" to its cases, an oversight body said Thursday. 

• Hunt For Next SFO Director Finally Gets Underway

  By Laura Stewart Liberty

  The Serious Fraud Office on Wednesday launched a search for its next director following Nick Ephgrave's exit earlier this year.

• Lawyer Used 'Stooge' To Strip BHS, Liquidators Argue

  By Robbie Kalus

  British Home Stores' liquidators accused a senior City lawyer on Wednesday of using a "high-functioning and unwitting stooge" to enrich himself and dodge personal liability for the high street giant's collapse.

• Kingspan Sued For €100M By Investors Over Grenfell Claims

  By Eddie Beaver

  Over 60 institutional investors in Kingspan Group PLC have sued the building materials giant seeking more than €100 million ($112 million), alleging it misled shareholders about its governance and ethics while failing to disclose wrongdoing over an insulation product linked to the Grenfell Tower disaster.

• Man Utd.'s Old Trafford Plan Kicks Off With Legal Hurdles

  By Jamie Lennox

  Before Manchester United's star players can run out into a new Old Trafford stadium in front of 100,000 fans, the club's lawyers must tackle myriad legal challenges unfolding far from the pitch.

• Carmakers Seek £120M In Interim Costs After Dieselgate Win

  By Joanne Faulkner

  Car manufacturers told the High Court on Wednesday that they are seeking more than £120 million ($158 million) in interim legal costs following their substantial victory, as diesel emissions claimants warned their insurance might not cover the bill.