Gunnercooke has denied costing a family £4.7 million ($6.3 million) by bungling a settlement reached in the wake of their bankruptcies over a £245 million fraud against HBOS, arguing that the deal reflected what it was instructed to do.
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TUESDAY, AUGUST 11, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Gunnercooke Denies Botching Settlement Over HBOS Fraud

By Eddie Beaver

Gunnercooke has denied costing a family £4.7 million ($6.3 million) by bungling a settlement reached in the wake of their bankruptcies over a £245 million fraud against HBOS, arguing that the deal reflected what it was instructed to do.

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Barclays Mortgage Adviser Investigation Ruled Not Racist

By Robbie Kalus

A Barclays mortgage adviser has lost his race discrimination claim against the bank, with an employment judge ruling that a disciplinary investigation into his use of customer records was not tainted by bias.

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PayPoint Faces £1.5M Bill After Rival's Minimal Antitrust Win

By Eddie Beaver

PayPoint PLC faces paying around £1.5 million ($2 million) toward a competitor's legal bill after losing an antitrust case in which the rival recovered just 0.1% of the £172 million in damages it originally sought.

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POLICY & REGULATION

FCA Selects Growth Cos. For Support, Identifies Wider Failings

By Alex Davidson

The Financial Conduct Authority said Monday that the first five companies it solely regulates have joined its scale-up unit for tailored growth support as it identifies shortcomings in how some sectors manage expansion, including in their use of artificial intelligence.

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Revolut Gets French Banking License To Help EU Expansion

By Alex Davidson

Revolut said Monday that its European banking arm Revolut Bank SA has been awarded a French banking license in a decision adopted by the European Central Bank, helping it to serve 30 million existing customers in Western Europe.

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DEALS

Brief

Fintech To Launch $100M Buyback In $182.5M Returns Plan

By Irene Madongo

Financial technology firm Plus500 said Monday it will roll out a new share buyback program worth up to $100 million as part of a broader plan to return $182.5 million to shareholders.

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PEOPLE

Latham Hires Hg Capital GC To Bolster London Tech Bench

By Ashish Sareen

Latham & Watkins LLP said Monday that it has hired the general counsel at private equity firm Hg as it continues to recruit partners who specialize in technology for its office in London.

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EXPERT ANALYSIS

Series

Practice Leader Insights From Broadfield's James Duncan

James Duncan, Broadfield's head of U.K. funds, discusses how his journey to team leadership has had more twists than a Netflix thriller, how Brexit created a labyrinth of compliance, and why lawyers who thrive will be the ones who see change as both a challenge and an opportunity.

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LAW FIRMS IN TODAY'S NEWS

4 New Square

Addleshaw Goddard

Clyde & Co

Hailsham Chambers

Latham & Watkins

Monckton Chambers

Morrison & Foerster

Paul Hastings

Travers Smith

gunnercooke LLP

COMPANIES IN TODAY'S NEWS

Apple Inc.

Bank of America Corp.

Barclays PLC

HBOS PLC

LinkedIn Corp.

Lloyds Banking Group PLC

London Stock Exchange Group PLC

Microsoft Corp.

Netflix Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bank of England

Competition Appeal Tribunal

Crown Prosecution Service

European Central Bank

European Union

Financial Conduct Authority

Prudential Regulation Authority

UK High Court