Motor finance litigation-funder Woodville paid upward of £37 million ($50 million) to companies connected to its directors before it collapsed into administration, according to a report by the administrators.
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Woodville Paid £37M To Director-Linked Firms Before Collapse

By Robbie Kalus

Motor finance litigation-funder Woodville paid upward of £37 million ($50 million) to companies connected to its directors before it collapsed into administration, according to a report by the administrators.

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Touchstone Investor Pleads Guilty To Fake Takeover Bid

By Laura Stewart Liberty

A shareholder in Touchstone Exploration Inc. pleaded guilty Thursday to fraud and forgery charges after creating a fake takeover approach for the AIM-listed energy company to artificially boost its share price, the Financial Conduct Authority said.

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MFS Unit Administrator Exits Amid Concerns Over Link To Owner

By Robbie Kalus

An administrator for a unit of Market Financial Solutions voluntarily left his post on Thursday after creditors of the collapsed mortgage lender raised concerns about a potential conflict of interest.

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LITIGATION

OpenAI Can't Block Developer's 'ChainGPT' TM In UK

By Max Austin

OpenAI has failed to stop an AI blockchain platform from registering the trademark "ChainGPT" after U.K. officials said consumers wouldn't confuse the sign with ChatGPT because the name itself was too descriptive.

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POLICY & REGULATION

ESMA Flags 'Rife' Insider Trading Risk In Prediction Markets

By Laura Stewart Liberty

Prediction markets are "rife" with insider trading, the European Union's markets watchdog warned on Thursday as it said that the fast-growing sector required continued monitoring.

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