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Amateur Trader Spared Prison Over Fake Oil Biz Takeover Bid

By Robbie Kalus

An amateur trader has been handed a two-year suspended sentence by a London court for faking a £154 million ($205 million) takeover bid for a Canadian oil company in an effort to boost its share price.


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Top Stories
  • Stock exchange in London.
    AIM Needs More Than Rule Reform To Encourage Cos. To List

    By Najiyya Budaly

    The relaxation of AIM's listing rules by the London Stock Exchange has attracted a host of fresh applicants to t...(read more)

  • man in a suit going through a property checklist and ticking things off
    Upward-Only Rent Review Ban May Backfire For Tenants

    By William Janes

    The government has banned upward-only rent reviews to help struggling high street businesses, but lawyers warn t...(read more)

  • Care Workers Fired For Refusing COVID Vax Say UK Is Liable

    By Adele Redmond

    More than 100 care home workers argued to the Court of Appeal on Tuesday that the U.K. government is liable for discrimination after their employers fired them for refusing the COVID-19 vaccine. 

  • Sullivan & Cromwell Takes 8 Weil Trainees Amid Wind-Down

    By Marialuisa Taddia

    Sullivan & Cromwell LLP on Tuesday committed to taking on eight trainees from Weil Gotshal & Manges LLP, becoming the latest U.S. firm to take on trainees from the firm that said last month it would wind down operations following a wave of partner departures on both sides of the Atlantic.

  • Weil Partners Vote To Dissolve Firm

    By Daniel Moritz-Rabson

    Partners at Weil Gotshal & Manges LLP voted on Tuesday to dissolve the firm and install a three-member committee to oversee the wind-down of operations.

  • Lies And Forged Records Undid Kuwait Pension Defenses

    By Christopher Crosby

    False instructions to lawyers, forged compliance forms and knowingly untrue witness statements helped unravel the cover stories of bankers, executives and their intermediaries in Kuwait's $1 billion pension fund corruption case.

  • UK Investors To Take Part In Anthropic's $61B Global Offer

    By Najiyya Budaly

    Anthropic said Tuesday that individual investors in the U.K. will be able to take part in its global sale of shares worth approximately $61.1 billion in its high-profile initial public offering on the U.S. Nasdaq exchange.

  • LetterOne Says UK Must Compensate It For Forced Sale

    By Joanne Faulkner

    LetterOne, an investment group founded by Russian billionaires, told the U.K. Supreme Court on Tuesday that the government unlawfully deprived it of the market value of a broadband business by forcing its sale on national security grounds without adequate compensation.

  • Walliams Fails To Appeal Naming In Sex Misconduct Reports

    By Robbie Kalus

    David Walliams has not appealed against a court ruling that dismissed his bid for a permanent injunction against ITN and The Guardian, allowing the media organizations to name him on Tuesday as the celebrity at the center of a sexual misconduct investigation.

  • Kingspan Faces 4th Investor Claim After Grenfell Inquiry

    By Isabel Jackson

    A group of global institutional investors has sued Kingspan, adding to a series of recent claims on the financial list against the building materials giant.

  • Addleshaw Goddard, Harvey Partner On Firmwide AI Adoption

    By Matt Perez

    London-based Addleshaw Goddard LLP has struck up a partnership with legal artificial intelligence company Harvey, which will see the law firm distribute chatbot software to its workforce of more than 3,400 attorneys and business services professionals, according to an announcement on Monday.

  • Amersi Says Nepal Deals Had Legit Basis At BBC Libel Trial

    By Ronan Barnard

    A political donor and businessman said at a London libel trial that the BBC had wrongly accused him of possibly knowingly being involved in business deals in Nepal that involved corrupt payments to secure the favor of an oligarch connected to the country's Maoist ruling party.

  • Building Safety Act Raises Construction Biz Insolvency Risk

    By William Janes

    The Building Safety Act 2022 was designed to make unsafe homes safer, but real estate lawyers say it has also made historic building-safety liabilities harder to isolate, adding to the insolvency risk facing construction companies already squeezed by thin margins, late payments and higher costs.

  • Mercedes Says It Owes Dieselgate Customers Nothing

    By Robbie Kalus

    Mercedes-Benz told a London court Monday that it owes nothing to customers who bought cars fitted with "emissions defeat devices," arguing that motorists had not suffered any losses.

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Trending on Law360 UK

  • Russell Brand Sentenced To 10½ Yrs For Rape, Sexual Assault
  • VTB Ruling Limits Reach Of Sanctions Over Creditor Rights
  • Celeb's Injunction Bid Limits Suicide Risk Route To Gag Press
  • Kingspan Hit With 3rd Investor Claim After Grenfell Inquiry
  • UK Litigation Roundup: Here's What You Missed In London
  • Anthropic Loophole Could Cost UK Secondary Listings
  • Kirkland Adds 40-Atty Weil Team Led By Ramona Nee
  • Mercedes Says It Owes Dieselgate Customers Nothing
  • NMC Health Founder, Ex-CEO Face $5.4B Fraud Liability
 
 
 

From The Courtroom

  • Amersi Denies Uzbek Corruption At BBC Libel Trial
  • NFU Mutual Says £10M COVID Losses Fall Outside Cover
  • Accenture Defends Dismissal In Endometriosis Appeal
  • Developer Fights £380K Bill For Scrapped Carbon Scheme
  • Bolt Drivers Say Waiting-Time Rule Would Cut Wage Payouts
  • ERISA Recap: 4 Decisions To Know From Oct.
  • Windhorst Says Broker Can 'Take The Keys' Over €27M Debt
  • Mex Group Ex-GC Denies Contacts With Litigants Violated Ban
  • Leonardo Seeks Crash Data In £2B Billionaire Death Case
  • BBC Says Amersi Called Uzbek Deals His 'Favorite' Graft Case
 
 
 

Expert Analysis

  • Garon Anthony
    Financial Firm Ruling Narrows Push Fraud Recovery Route
    The recent Court of Appeal decision in Moorwand v. Hamblin rejected a derivative claim brought by victims of an authorized push paym... (read more)
  • Eloise Ryan
    'Peppa Pig' Ruling Broadens Global Copyright Relief
    The High Court's recent unusual decision in Hasbro v. Công to grant a panjurisdictional injunction shows that, in certain circumstan... (read more)
  • Daniel Erskine
    How AI Can Complicate Liability Limits In Contracts
    With the U.K. Jurisdiction Taskforce's recent legal statement on liability for harms confirming that contract clauses remain subject... (read more)
  • Rachael Healey
    Key Points From High Court Ruling On FOS Time Bar Rule
    In Barclays Bank v. Financial Ombudsman Service, the High Court recently blocked the FOS from investigating consumer complaints that... (read more)
  • Ricci Potts
    UK Top Court Eases Creditors' Path To Enforcing Foreign Debt
    The recent U.K. Supreme Court ruling in Drelle v. Servis-Terminal that an unrecognized and unregistrable foreign judgment may found ... (read more)
  • Read More Expert Analysis

 
 
 

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Latest News

  • Care Workers Fired For Refusing COVID Vax Say UK Is Liable
  • Civil Servant Convicted Of Fraud For Working 5 Jobs At Once
  • Sullivan & Cromwell Takes 8 Weil Trainees Amid Wind-Down
  • 'Rocblox' Candymaker Denies Infringing Roblox TMs
  • F1 'Grand Prix' TM Trimmed As EU Says No Abuse Of Process
  • UK Plans Tougher Oversight For £25B Pension Megafunds
  • Weil Partners Vote To Dissolve Firm
  • Brabners Seeks To Open Legal Careers Via T Level
  • Landfill Co. Hits Garbage Collector With £1.4M Tax Claim
  • Solicitor Loses Bid To Overturn Tribunal Fine, Practice Ban
 
 
 


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