Articles by Upmanyu Trivedi

Uber Hit With £250 Million Suit From London’s Black Cab Drivers

Uber Technologies Inc. was sued by thousands of London’s black cab drivers in a suit seeking hundreds of million pounds accusing it of unlawfully operating in the capital city. The claim alleges Uber improperly obtained a license to operate in …

Standard Chartered Faces £1.5 Billion UK Claim in Iran Sanction Case

Standard Chartered Plc is facing about £1.5 billion ($1.9 billion) worth of investor claims at a London trial over allegations it systematically breached Iranian sanctions to win new business. A London judge ruled on Friday [April 19] that the trial, …

Three More Women Join Crispen Odey Sexual Misconduct Suit

Three more women have asked to join a sexual misconduct lawsuit against hedge fund manager Crispin Odey and his eponymous former firm. The alleged victims of sexual harassment by Odey applied at a London court to join two others who …

Lex Greensill’s Fraud Means Zurich Can’t Payout $400 Million, Insurer Argues

Lex Greensill’s fraud and “conspiracy” with commodities tycoon Sanjeev Gupta should prevent the financier’s collapsed bank from making a $400 million claim, Zurich Insurance Group said in a London lawsuit. Greensill Bank AG’s administrators sued Zurich to recoup losses of …

Artificial Intelligence Can’t Be Named as Inventor for Patents: UK Top Court

Artificial intelligence programs can’t be named as an inventor for patents, the UK’s top court said in a crucial ruling that’s in line with decisions in the US and the European Union refusing to put machines on a near-equal footing …

Greensill Sues Zurich Insurance for $400 Million to Recoup Losses

Greensill Bank AG’s administrators are seeking more than $400 million from Zurich Insurance Plc in London lawsuits to recoup the defunct lender’s losses on controversial investments linked to Credit Suisse and Liberty Commodities Ltd.. The administrators want Zurich to make …

Barclays Sued by UK Banker Over Mental Health Harassment Allegations

Barclays Plc was sued by an ex-banker alleging harassment and discrimination exacerbated her mental health issues causing panic attacks and stress, eventually pushing her to quit the bank. Khilna Morjaria, an ex-vice president at Barclays Execution Services Ltd., is seeking …

Insurers Successfully Merge Lawsuits Brought by Lessors for Jets Confiscated in Russia

Insurers led by AIG succeeded in their attempt to merge several lawsuits brought by aircraft lessors over outstanding claims for jets that have been left out of reach in Russia. Judge Christopher John Butcher at London’s High Court said he …

UK’s Legal & General Launches Fresh UK Lawsuit Against Glencore After Bribery Scandal

Legal & General Group Plc have launched a fresh lawsuit against Glencore Plc, months after the commodities giant pleaded guilty to allegations of market manipulation and bribery. A group of Legal & General funds filed claims against Glencore on Jan. …

Tory Peer-Linked Firm Supplied Unsafe Gowns During COVID, Health Department Alleges

The controversial firm linked to a Tory peer supplied 25 million protective gowns that were unusable and failed safety tests during the pandemic in 2020, the UK’s health department alleged in a lawsuit seeking to recover £133 million ($160 million). …