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Sony's £5B Market Abuse Trial Will Test Limit Of CPO Regime

By Lucia Osborne-Crowley

A £5 billion ($6.7 billion) collective action against Sony opens on Tuesday in a trial that lawyers say will provide a crucial indication of how the Competition Appeal Tribunal will analyze claims of market abuse against Big Tech companies.


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Top Stories
  • fund manager Crispin Odey pictured outside court
    Odey Trial To Test FCA's Personal Conduct Clampdown

    By Lucia Osborne-Crowley

    Former hedge fund boss Crispin Odey will attempt to overturn his financial services ban on Tuesday, in a legal c...(read more)

  • The red and white logo of a major European insurer and provider of financial services illuminates a building facade at night in Arezzo, Italy.
    Clifford Chance-Led Generali In €337M Units Sale To Zurich

    By Dawood Fakhir

    Italian insurance company Generali said Monday that it has agreed to sell its property and casualty insurance bu...(read more)

  • UPC Asks Top EU Court To Rule On Extra-Territorial Reach

    By Alex Baldwin

    The Unified Patent Court has asked the European Union's top court to clarify when companies outside the court's jurisdiction may be targeted in infringement claims, as the new patents court looks to test the limits of the forum.

  • Legal AI Adopters Say Strategy, Not Software, Drives Results

    By Marialuisa Taddia

    Early adopters of legal AI in law firms and in-house teams say success depends less on the tool than on things, including measurable savings and portability across models to avoid lock-in, as many teams still grapple with how to deploy the fast-growing technology.

  • Home Office Sets Out Anti-Fraud Rule Changes For Crypto

    By Alex Davidson

    The Home Office set out on Monday a plan to combat cryptocurrency and investment scams and money laundering by international financial crime groups, and said it will make regulatory changes.

  • Athora Raises €3.5B As Deal For Insurer PIC Gets Green Light

    By Martin Croucher

    Retirement savings giant Athora Holding Ltd. has said it has raised €3.5 billion ($4 billion) to fund its acquisition of the U.K.'s Pension Insurance Corp. PLC, as it disclosed it had received regulatory approval for the mega-deal.

  • Gov't Launches New Fraud Squad To Fight Online Scams

    By Christopher Crosby

    A new fraud squad designed to crack down on online fraud and overseas scam compounds will begin operations in April, drawing together expertise from law enforcement, the government, banks and big tech, the Home Office said on Sunday.

  • Annington Sued By Trustees Amid £730M Bond Default Row

    By Lucia Osborne-Crowley

    Annington Funding PLC has been hit with a legal claim from its trustees over an alleged default on £730 million ($978 million) of debt linked to Annington's sale of thousands of U.K. military homes back to the Ministry of Defence.

  • Lords Call Again For Strong IP Protections Against AI

    By Alex Baldwin

    Peers have once again called for the introduction of significant restrictions on artificial intelligence companies to protect the rights of creatives, as the government remains silent on the topic of AI and copyright.

  • PM Law Clients Get £9M Back So Far After Firm Collapsed

    By Marialuisa Taddia

    The Solicitors Regulation Authority said Friday that it has already paid out £9 million ($12 million) to clients of PM Law Ltd. after the firm abruptly closed earlier in February.

  • Freshfields Helps Axel Springer's £575M Telegraph Group Deal

    By Najiyya Budaly

    Politico owner Axel Springer SE said Friday that it will buy Telegraph Media Group for £575 million ($767 million) from RedBird IMI, beating a contentious rival deal from the owner of the Daily Mail.

  • UK Insurers Hold Cover For Persian Gulf Shipping, At A Price

    By Martin Croucher

    Insurers in the specialist London market continue to provide insurance for high-risk shipping in the Persian Gulf despite the intensifying war with Iran, market experts say, but the price of cover has soared to eye-watering levels.

  • Meta Agrees To Let Rival AI Bots On WhatsApp In Europe

    By Matthew Perlman

    Meta Platforms will let rival artificial intelligence providers back on its WhatsApp service in Europe for a fee for the next year, after enforcers threatened to impose restrictive measures as part of an antitrust investigation, the company confirmed Thursday.

  • Shakespeare Martineau Beats £1.3M Divorce Negligence Case

    By William Janes

    A former client of Shakespeare Martineau LLP has lost her bid to revive a £1.3 million ($1.7 million) negligence case over advice given to her by the firm's predecessor about a divorce settlement, as an appeals court ruled on Thusday that she brought her claim too late.

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Trending on Law360 UK

  • UK Litigation Roundup: Here's What You Missed In London
  • Gov't Launches New Fraud Squad To Fight Online Scams
  • Annington Sued By Trustees Amid £730M Bond Default Row
  • JPMorgan Wins Case Pegged To Staffer's 'Inflated' Self-View
  • Freshfields Helps Axel Springer's £575M Telegraph Group Deal
  • Developer Accuses Banker Of Cruise Ship Port Takeover Plot
  • OnlyFans Software Biz Can't Stop Rival Using 'Scraped' Data
  • PM Law Clients Get £9M Back So Far After Firm Collapsed
  • UK Insurers Hold Cover For Persian Gulf Shipping, At A Price
 
 
 

From The Courtroom

  • 'Which' Fights To Keep Free ICloud Users In £3B Apple Claim
  • Funeral Scheme Directors Deny Fraud Over £70M Collapse
  • Motorists Say Carmakers Should Be Liable For Emissions
  • Shein Fights To Withhold List Of Top Suppliers In Temu Battle
  • Ex-Judge Can't Fight Fraud Conviction Over Legal Costs
  • Metals Magnate Denied Appeal In $500M Trafigura Fraud Case
  • Lebanese Fund Accuses Founder Of Secret $29M Asset Sale
  • Fruit Importer Wins 'Mountain Pear' TM Infringement Fight
  • Solicitor Suspended For A Year Over Antisemitic Remarks
  • Ex-Mishcon Client Can't Pursue Meritless Contempt Claims
 
 
 

Expert Analysis

  • Gregg Beechey
    FCA's Investment Regime May Prove A Double-Edged Sword
    The Financial Conduct Authority’s final rules on consumer composite investments intend to support retail investors in making more in... (read more)
  • Sebastian Barling
    How FCA's Client Reforms May Boost Investment Access
    The Financial Conduct Authority’s recent proposals to reform the professional client categorization regime and simplify conflicts of... (read more)
  • Kate McKenna
    Irish Consumer Law Proposals Expose Concerns Over Privacy
    The Irish government’s recent proposals to amend and clarify competition and consumer law would allow new investigative powers and g... (read more)
  • Daniel Natoff
    Digital Assets Act Allows Courts To Cater For New Tech
    The recently enforced Property (Digital Assets etc) Act confirms in law that digital assets can be recognized as personal property, ... (read more)
  • Harriet Holmes
    How Gov't AML Supervision Reform Will Affect Law Firms
    In confirming that the Financial Conduct Authority will become the single supervisor for professional services, HM Treasury’s planne... (read more)
  • Read More Expert Analysis

 
 
 

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