Kuwait's pensions authority can recover almost $1 billion after its former director orchestrated an unlawful scheme of corrupt payments on a "breathtaking scale," a London court ruled Thursday.
Kuwait's pensions authority can recover almost $1 billion after its former director orchestrated an unlawful scheme of corrupt payments on a "breathtaking scale," a London court ruled Thursday.
A second group of institutional investors sued Kingspan on Thursday over alleged Grenfell Tower-linked breaches, a month after more than 60 investors sought more than €100 million ($112 million) from the building materials giant.
Mex Group told a court on Thursday that its former general counsel committed contempt of court by sharing legal submissions and discussing allegedly forged evidence with defendants in separate litigation brought by the investment company, in breach of promises he gave to the court.
The financial watchdog said Thursday that it has prevented a debt collection firm from pursuing workers for repayment of tax avoidance scheme loans, after the debts were sold to a company that is not authorized by the regulator.
A wealth management group has sued Gallagher for £20 million ($27 million) at a London court, alleging that the brokerage failed to warn it that insurers could avoid liability for payouts under a redress program for tanked pension investments.
Three former employees of a wealth manager being sued in the High Court for poaching staff and client accounts worth millions of pounds have denied they acted unlawfully.
The shift from traditional stock exchanges toward private, bilateral trading can reduce genuine market liquidity and make it harder for investors to know whether they are getting a good price, a global trade body warned Thursday.
To minimize the risk of exposure to shareholder claims amid a continuing rise in securities litigation, companies must evaluate exposure, protect privilege and keep an eye on pending litigation, such as the recent investor claims filed against British American Tobacco and Entain, say lawyers at Simpson Thacher.
