AXA, Aircraft Lessor DAE Clinch Deal as UK Battle Over Jets Seized in Russia Kicks Off October 3, 2024 By Kirstin Ridley and Sam Tobin Aircraft lessor Dubai Aerospace Enterprise (DAE) has secured a settlement with insurer AXA over jets retained in Russia since the...
Global Insurers Fight London Court Battle Over Jets Seized in Russia October 2, 2024 By Kirstin Ridley and Sam Tobin Insurers are playing “pass the liability parcel” in a desperate fight against multi-billion dollar claims over aircraft stranded in Russia...
British Water Companies Fight $2 Billion Lawsuits Over Sewage Pollution September 24, 2024 By Sam Tobin Six British water companies under-reported sewage discharges and overcharged millions of customers up to 1.5 billion pounds ($2 billion) as...
UK Retailer Tesco Loses Legal Battle Over ‘Fire and Rehire’ of Staff September 13, 2024 By Sam Tobin Tesco was not entitled to terminate some employees’ contracts and offer to rehire them on less favorable terms, the United...
London’s ExCel Centre Wins Insurance Appeal Over COVID-19 Losses September 6, 2024 By Sam Tobin The owners of London’s ExCel conference center on Friday won an appeal brought by insurers, including Allianz, over pandemic-related losses,...
Carmakers Face UK ‘Dieselgate’ Lawsuits Worth at Least $7.6B, Lawyers Say June 12, 2024 By Sam Tobin Some of the world’s biggest carmakers are facing 1.5 million lawsuits in Britain for allegedly cheating emissions tests that could...
HP Claims $4 Billion Losses in London Lawsuit Over Autonomy Deal February 12, 2024 By Sam Tobin Hewlett-Packard lost more than $4 billion over its acquisition of British software firm Autonomy because of an elaborate fraud masterminded...
Brexit Backer and Inventor James Dyson Loses Libel Lawsuit Against UK Newspaper December 1, 2023 By Sam Tobin James Dyson, the billionaire inventor of the bagless vacuum cleaner, lost a libel lawsuit on Friday against a British newspaper...
London Metal Exchange Triumphs in Lawsuit Over Canceled Nickel Trades November 30, 2023 By Sam Tobin and Pratima Desai The London Metal Exchange (LME) won a legal battle with U.S. financial firms on Wednesday which brought a case demanding...
UK Firm Sold Thousands of Unverified Jet Engine Parts, CFM Says September 21, 2023 By Sam Tobin and Tim Hepher Jet engine maker CFM International said on Wednesday thousands of engine components may have been sold with forged paperwork by...