Top Stories

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  SRA Tells Firms To Match Oversight To Risk After Mazur

  By Marialuisa Taddia

  The Solicitors Regulation Authority said Friday that solicitors overseeing unauthorized staff in litigation migh...(read more)

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  S&P Accused Of Inflating Credit Ratings Ahead Of 2008 Crash

  By William Janes

  S&P knowingly generated artificially high credit ratings for risky securities to win business before the 2008 fi...(read more)

• Latham Steers SpaceX IPO Underwriters In Europe

  By Dawood Fakhir

  Latham & Watkins LLP said Friday that it is advising the British and European banks underwriting SpaceX's $75 billion initial public offering on the Nasdaq stock exchange.

• Ex-Defense Executives Can Be Named In Bribery DPA Docs

  By Christopher Crosby

  Former executives at a British defense contractor can be named as part of a corporate bribery settlement owing to the public interest in identifying them, a London judge has ruled, in a potentially precedent-setting legal decision for open justice published Friday.

• Siemens Hit With UPC Sales Ban Over Breast-Screening Tech

  By Hanna Vioque

  Europe's patent court has ruled that a Siemens breast cancer screening system infringes a Hologic patent, granting the rival an injunction despite Siemens' claims that it would be disproportionate to recall the device even from universities. 

• Broadcom Unit Settles UPC Bluetooth Clash With Renault

  By Jamie Lennox

  A Broadcom subsidiary has settled its Bluetooth infringement claim against Renault at the Unified Patent Court, adding to separate resolutions that the chipmaker has reached with Tesla and Nissan.

• Blur Drummer Says PRS Royalties CPO Was Wrongly Axed

  By Eddie Beaver

  Blur drummer Dave Rowntree told an appeals court on Thursday that an antitrust tribunal wrongly refused to certify his collective action over unfair royalty distributions, arguing that not every songwriter had to demonstrate a loss for the case to proceed.

• RPC-Led Frasers Mulls €2B Takeover Offer For Hugo Boss

  By Dawood Fakhir

  Frasers Group PLC said Thursday that it plans to launch a voluntary public takeover offer for all the shares of Hugo Boss AG that it does not already own for approximately €1.98 billion ($2.3 billion).

• Squire Patton Settles £3.7M Claim Over Advice On Tech Deal

  By Jamie Lennox

  Squire Patton Boggs LLP has settled a claim in a London court that it caused a software company to lose £3.7 million ($4.9 million) through faulty advice on intellectual property ownership in a buyout of a rival.

• MFS Auditors Probed Following Mortgage Lender's Collapse

  By Christopher Crosby

  The U.K.'s accounting watchdog opened an investigation on Thursday into the conduct of individuals and firms involved in auditing the books of failed mortgage lender Market Financial Solutions, whose collapse has sparked allegations of a £1.3 billion ($1.7 billion) fraud.

• KC Says HMRC Tried To 'Cancel' Him In £2M Evasion Case

  By Sophia Dourou

  A senior tax barrister told a court Wednesday that HM Revenue and Customs prosecuting him for evading almost £2 million ($2.7 million) in tax was its way of "canceling" a person the tax authority found "extremely inconvenient."

• Kennedys Hits £457M As North America Revenue Surges

  By Marialuisa Taddia

  Kennedys said Wednesday that revenue in North America grew by more than 22% in its latest financial year, driven by strategic lateral partner and group hires as the firm remains open to more merger opportunities in the world's largest legal market.

• Everton Must Pay Burnley £35M For Violating League Rules

  By Jamie Lennox

  Everton must pay Burnley £35 million ($47 million) in compensation for violating the Premier League's financial regulations several seasons ago, an independent commission ruled in a decision released Wednesday.

• Failure To Reform Funding Rules May Cost UK Courts

  By Joanne Faulkner

  The government's continued failure to adopt recommendations to reform the litigation funding market is driving potential claimants away from the U.K. and pushing investment toward rival jurisdictions, lawyers and funders have warned.