Top Stories

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  The SFO Walked Out Of DPA Talks. This Is Why It Returned

  By Christopher Crosby

  When the Serious Fraud Office abruptly walked away from negotiations over a deferred prosecution agreement with ...(read more)

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  BHP Denied Appeal Over £36B Brazil Dam Liability Ruling

  By Eddie Beaver

  BHP cannot challenge findings that it is liable for a £36 billion ($49 billion) claim over a collapsed dam in Br...(read more)

• Hogan Lovells Helps Angelini Buy Catalyst Pharma For $4.1B

  By Najiyya Budaly

  Angelini Pharma SpA will buy U.S. rival Catalyst Pharmaceuticals Inc. for $4.1 billion in cash, the companies said Thursday, a transaction that will give the Italian company access to therapeutics for rare diseases affecting the brain.

• MoFo, KC Face Saad Negligence Case After $318M Court Loss

  By William Janes

  Liquidators for Saad Investments have launched a professional negligence claim against Morrison Foerster LLP and a senior barrister, who represented the defunct lender in a failed fight for compensation for shares worth $318 million.

• PayPal, Mastercard, Visa Targeted By UK Competition Probe

  By Najiyya Budaly

  The Financial Conduct Authority said Wednesday that it has launched an antitrust investigation into U.S. payment companies PayPal Holdings Inc., Visa Inc. and Mastercard Inc. linked to the funding and usage of PayPal's digital wallet.

• FCA To Probe Misleading Claims Management Practices

  By Alex Davidson

  The Financial Conduct Authority said Wednesday that it is launching a review of the claims management market, following concerns that some companies and law firms are failing consumers.

• SFO Rules Out Charging Individuals Tied To Bribery DPA

  By Christopher Crosby

  The Serious Fraud Office has ruled out prosecuting any individuals after resolving its long-running bribery probe into defense contractor Ultra Electronics, according to court documents published on Wednesday.

• Baker McKenzie-Led Bayer To Buy Perfuse For Up To $2.45B

  By Najiyya Budaly

  Pharmaceutical giant Bayer AG said Wednesday that it will buy Perfuse Therapeutics, a U.S. biopharma company, for up to $2.45 billion as it seeks a treatment for ocular diseases.

• Tribunal Hands Referee Co. Win In £584K Tax Status Case

  By Josh White

  An English soccer referee body won its decadelong dispute with the U.K.'s tax authority after a London tribunal ruled that referees' match-day engagements were contracts for services rather than employment, meaning the group isn't liable for the referees' taxes.

• Live Nation Venue Sues Cripps For £3.4M Over Advice On Deal

  By Max Austin

  Margate Dreamland's operator has sued Cripps LLP for £3.4 million ($4.6 million), alleging the law firm misread a key part of its catering deal that left it unable to exit the agreement after Live Nation bought the popular seaside venue.

• HSBC Reports $400M Credit Loss Linked To Fraud

  By Eddie Beaver

  HSBC Holdings PLC said Tuesday that its expected credit losses for the first quarter of 2026 were $400 million higher compared to a year ago, driven by a fraud-related exposure tied to a U.K. financial sponsor in its corporate and institutional banking division.

• Tesco Exec Denies Dropping Job Review To Avoid Pay Claims

  By Sophia Dourou

  A Tesco executive has denied that the supermarket chain abandoned plans to evaluate the roles of its staff to stave off the risk of equal pay litigation, as she gave evidence Tuesday in the trial of claims brought by thousands of mainly female shop workers.

• Odey Created 'False Reality' That He Was Victim, FCA Says

  By William Janes

  The Financial Conduct Authority told a tribunal on Tuesday that banned hedge fund manager Crispin Odey created a "false reality" that he was the victim amid disciplinary proceedings linked to allegations of sexual misconduct against staff.

• Anthropic Launches AI Biz With Goldman Sachs, Blackstone

  By Alex Davidson

  Anthropic has launched a global services company with Blackstone, Goldman Sachs and Hellman & Friedman to help banks and other businesses, including in the U.K., invest in an artificial intelligence technology that Anthropic says has identified widespread cyber vulnerabilities.