Capita lost its bid on Tuesday to strike out a £4 million ($5.5 million) claim over the fallout from a cyberattack, with a London court rejecting the outsourcing giant's argument that the claimants' lawyers "tainted" the case by embellishing allegations of harm.
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WEDNESDAY, FEBRUARY 11, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Capita Fails To Strike Out £4M Claim Over Data Breach

By William Janes

Capita lost its bid on Tuesday to strike out a £4 million ($5.5 million) claim over the fallout from a cyberattack, with a London court rejecting the outsourcing giant's argument that the claimants' lawyers "tainted" the case by embellishing allegations of harm.

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FCA Takes Court Action Against Crypto Exchange HTX

By Alex Davidson

The Financial Conduct Authority said Tuesday it has started legal action against global crypto exchange HTX for illegally promoting crypto asset services to U.K. consumers, amid continuing communications on platforms including X, YouTube and LinkedIn.

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Lender IPF Delays £543M Takeover Vote As Investor Objects

By Najiyya Budaly

Credit provider International Personal Finance said Tuesday that it will delay a vote by shareholders on its proposed takeover for £543 million ($742 million) by U.S. specialist finance group BasePoint Capital after an investor voiced opposition to the deal.

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ENFORCEMENT

FCA Hits 2 With Fines For Insider Trading In Bidstack Shares

By Alex Davidson

The Financial Conduct Authority said Tuesday that it has hit a former interim financial director and a trader with a combined fine of £108,731 ($148,800) for insider dealing in shares in an advertising technology company.

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LITIGATION

Ex-Clifford Chance Pro Says £8M Libel Claim Is SLAPP

By William Janes

Legal commentator Dan Neidle asked a court on Tuesday to use new powers to throw out an £8 million ($11 million) libel claim accusing the former Clifford Chance partner of engaging in a vendetta against a barrister, arguing that the claim was launched to silence him.

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HSBC Ignored $8M Pig Butchering Scam Warnings, Suit Says

By Sydney Price

A retired anesthesiologist and his sons have sued HSBC's U.S. arm, accusing it of ignoring warning signs and allowing scammers to siphon more than $8 million from the elderly retiree's accounts through an international "romance pig butchering" fraud. 

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POLICY & REGULATION

FCA To Regulate 'Buy Now, Pay Later' For Consumer Safety

By Tom Fish

The Financial Conduct Authority will require lenders to conduct affordability checks and give consumers clearer information before they borrow under deferred payment plans, Britain's financial watchdog said Wednesday as it moves to regulate the rapidly growing "buy now, pay later" sector.

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UK Employers Risk Regulatory Fines For 'Pension Pitfalls'

By Joel Poultney

Businesses should carry out a "clear, organization-wide review" of their company's pension processes to avoid falling foul of evolving regulatory obligations on retirement savings, Hymans Robertson said Tuesday.

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4 In 5 Defined Benefit Plans In Surplus, Consultancy Says

By Joel Poultney

Approximately four in five U.K. defined benefit pension schemes are now in surplus in what has become an "extremely well-funded" landscape, a financial services consultancy said Tuesday.

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DEALS

Arc Pensions Steers £12M UK University Pension Deal

By Tom Fish

An arts-based university in the U.K. has finalized a £12 million ($16 million) bulk purchase annuity buy-in with Just Group, consultancy First Actuarial said Tuesday.

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UK Pension Deals Market Likely To Hit £70B In 2026

By Martin Croucher

The U.K. pension deals market is likely to hit £70 billion ($95.6 billion) in transactions in 2026, an insurance brokerage firm said Tuesday, despite headwinds from possible regulatory intervention.

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Barclays Plans £1B Buyback Amid Strong Financial Showing

By Dawood Fakhir

Barclays said Tuesday that it will run a share buyback program of up to £1 billion ($1.37 billion) as part of its 2025 returns for shareholders as the British lender disclosed strong financial performance for the year.

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EXPERT ANALYSIS

UK Banks Are Favoring Tokenized Deposits Over Stablecoins

Lloyds Banking's recent purchase of gilt with tokenized deposits is an example of banks' preference for the instrument over stablecoins, which present uncertainty by demanding compliance with multiple conduct regimes, says Dan Jones at MoFo.

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LAW FIRMS IN TODAY'S NEWS

11KBW

Addleshaw Goddard

Barings Law

Bhs Law LLP

Clifford Chance

Morrison & Foerster

Steiner & Libo

TLT LLP

White & Case

COMPANIES IN TODAY'S NEWS

Apple Inc.

Artemis Investment Management Ltd

Arthur J. Gallagher & Co.

Barclays PLC

BasePoint Capital LLC

Capita Group

Google LLC

HSBC Holdings PLC

Huobi Global Ltd.

Instagram Inc.

JPMorgan Chase & Co.

KBW, Inc.

LinkedIn Corp.

Lloyds Banking Group PLC

London Stock Exchange Group PLC

Meta Platforms Inc.

TikTok Inc.

Universities Superannuation Scheme Ltd.

Willis Towers Watson PLC

YouTube Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bank of England

Financial Conduct Authority

Financial Services Compensation Scheme

HMRC

Information Commissioner's Office

Prudential Regulation Authority

U.S. District Court for the Central District of California

UK High Court

UK Pensions Regulator