Top Stories

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  Ex-Fund CEO Says Odey Fired Him To Halt Misconduct Probe

  By Ronan Barnard

  A former chief executive of Crispin Odey's hedge fund told a London tribunal on Wednesday that the financier had...(read more)

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  Barrister's Libel Claim Against Neidle Dismissed As SLAPP

  By Joanne Faulkner

  A judge has struck out a barrister's £8 million ($11 million) libel claim against Dan Neidle, ruling on Wednesda...(read more)

• Skadden, Wachtell Lipton Advise As Janus Rejects Victory Bid

  By Al Barbarino

  Janus Henderson Group PLC on Wednesday said its board rejected a competing buyout bid from Victory Capital Holdings as it continues to recommend its pending $7.4 billion acquisition by Trian Partners and General Catalyst.

• FCA Warrant Against Lawyer In Fraud Probe Found Unlawful

  By Christopher Crosby

  A London court has quashed a search warrant obtained by the Financial Conduct Authority against a barrister under criminal investigation for fraud and criticized the watchdog for making highly prejudicial allegations against him before a judge.

• Google Beats Staffer's 'Sexist Bias' Whistleblowing Claim

  By Jamie Lennox

  Google has convinced a London tribunal to throw out a senior employee's claim that it penalized her for reporting a colleague who allegedly boasted about how many black women he'd had sex with.

• Biogen Settles Investors' $50M Claim Over Pain Drug Deal

  By Lucia Osborne-Crowley

  Shareholders have settled their dispute with U.K.-based drug company Biogen for allegedly failing to make a $50 million payment under a deal to acquire the company and its nerve pain medication, according to court documents.

• Regional Firm PM Law Faces Fraud Probe After Collapse

  By Marialuisa Taddia

  PM Law has entered into voluntary liquidation with a shortfall in assets approaching £3.6 million ($4.8 million) amid a police investigation into potential fraud at the Yorkshire firm, documents published by Companies House show.

• Revolut Says BoE Has Lifted Banking License Restrictions

  By Alex Davidson

  Revolut said Wednesday that the Bank of England has lifted restrictions on its banking license, approving its launch as a fully licensed lender in the U.K.

• Cladding Cos. Sued For £69M Over False Fire Safety Claims

  By William Janes

  A construction company has sued three building material manufacturers for almost £69 million ($93 million) over accusations that they caused it to use flammable cladding on a tower block complex by making knowingly untrue statements about the fire safety of their products.

• Legal & General To Start Record £1.2B Shares Buyback

  By Tom Fish

  Legal & General Group PLC said Wednesday it will begin a £1.2 billion ($1.6 billion) shares buyback, the largest in its history, as the British insurer and asset manager moves to return surplus capital to shareholders while reshaping its business.

• Direct Line Unit Fined £10.6M For Solvency Miscalculation

  By Joel Poultney

  The Prudential Regulation Authority said on Wednesday that it has fined UK Insurance Ltd. £10.63 million ($14.27 million) for miscalculations that led the insurer to overstate its solvency position to the watchdog and the market.

• Courts Bill Progresses To Showdown Over Jury Trials

  By Christopher Crosby

  Lawmakers voted Tuesday to go ahead with the government's courts bill amid warnings from rebellious MPs that controversial parts of the legislation that would curtail jury trials were "unworkable, unpopular, unjust and unnecessary."

• Short Film Co. Bids To Flip YouTube 'Shorts' Loss

  By Ronan Barnard

  A distributor of short films urged a London appellate court on Tuesday to overturn a ruling that Google LLC had not infringed on its "shorts" trademarks, arguing that the judge had wrongly analyzed the term's generally understood meanings.

• EU Lawmakers Back New Copyright Rules For AI Development

  By Jamie Lennox

  The European Parliament backed proposals on Tuesday that could require artificial intelligence developers across the world to adhere to a strict new regime of copyright protections when training their tools using protected works.