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Barclays Ruling A Blow For Passive Investors Suing In UK
The willingness of the High Court to cut passive investors from a shareholders' claim that accuses Barclays of making misleading statements about its "dark pool" trading venue presents a substantial challenge to the prospects of stock price-drop litigation against listed companies.
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PepsiCo subsidiary SodaStream has won €250,000 ($271,000) in compensation at the EU's Unified Patent Court after proving that a Swedish rival infringed its patent for a carbonated drinks machine.
The solicitors' watchdog said Friday that it has restricted the practice of a solicitor and director of SSB Group Ltd. after the firm collapsed in January with £48 million ($62 million) of debt.
Computer scientist Craig Wright was accused at a London court on Friday of violating a court order by claiming he was the inventor of Bitcoin, in a claim worth an estimated £911 million ($1.2 billion), after a judge had concluded he had repeatedly lied about creating the digital currency.
The Financial Conduct Authority said Friday that it has warned hedge fund boss Crispin Odey that it will take regulatory action against him after finding that he frustrated an internal probe into sexual misconduct allegations and showed a "lack of integrity."
The sneaker maker behind Hoka engaged in indirect price fixing by blocking a British running shoe retailer from selling through an online discount store, a U.K. tribunal has ruled.
The Solicitors Regulation Authority said Friday that it has banned two former Axiom Ince Ltd. employees from working at a regulated law firm as it steps up its efforts in the wake of a damning report about its oversight of the collapsed company.
The European Commission said Thursday it is launching an investigation into Temu over concerns that the discount e-commerce platform is allowing the sale of illegal goods and the site has potential addictive features.
Counsel for a barrister suspended for lying to a client about losing his files urged a court Thursday to overturn the "manifestly excessive" sanction imposed by the profession's disciplinary tribunal for a "foolish white lie."
The £350,000 ($455,000) fine handed by the Financial Conduct Authority to the boss of a leading financial technology company is a reminder that executives risk the watchdog's wrath if they're not transparent about reporting potential misconduct, white-collar lawyers say.
Belkin has paused a Unified Patent Court injunction tying its directors' hands amid a ruling that it infringed a Philips wireless charging patent, proving that the order wrongly pinned responsibility on its executives.
