Barclays faces court over £40m breast implant scandal November 9, 2022 Barclays today faced claims it helped a private healthcare company avoid paying compensation to women given faulty breast implants by a private healthcare firm. The bank is accused of working with Midlands law firm The Wilkes Partnership to restructure Hospital Medical Group (HMG), in order to help it avoid paying compensation to women given faulty [...]
Lisa Osofsky to step down as SFO director in August 2023 November 9, 2022 Lisa Osofsky is set to leave her position as director of the UK’s Serious Fraud Office (SFO) in August 2023 after completing a five-year stint at the fraud investigation agency. Osofsky told staff she will serve her full tenure before leaving the agency, according to an internal message sent out by the SFO chief. In [...]
Barclays told to pay £1m to more than 1,000 mortgage customers over PPI breaches November 9, 2022 The UK’s competitions watchdog has ordered Barclays to pay up to £1m in compensation to at least 1,000 of its mortgage customers, over its failure to comply with rules around Payment Protection Insurance (PPI) policies. The UK’s Competition and Markets Authority (CMA) said Barclays should pay compensation to as many 1,306 of its mortgage customers, [...]
Johnson & Johnson to face UK class action lawsuit over talc asbestos claims November 9, 2022 Johnson & Johnson is set to face a class-action lawsuit brought forward by high-profile Houston litigator Mark Lanier’s new UK-based firm. The Houston litigator’s new law firm is launching a British class-action lawsuit against Johnson & Johnson over claims the New Jersey pharma giant’s talc products caused UK customers to develop cancer. The lawsuit is [...]
Law firms avoid layoffs amid fears of repeating mistakes of 2008 crisis November 8, 2022 Law firms are avoiding making widespread layoffs, as they seek to wait out the current crisis, due to fears of repeating the mistakes made during the financial crash of 2008, analysts have said. The world’s top law firms are continuing hiring and holding back on making redundancies, despite declining profitability, new analysis from Thomson Reuters [...]
JP Morgan settles with trader fired over wrongful allegations of market spoofing November 8, 2022 JP Morgan has settled with a trader, who was wrongly fired from his job for market spoofing, after the bank failed to pay a £1.58m sum awarded to him by an employment tribunal in January. Ex-trader Bradley Jones was awarded £1.58m after an employment tribunal ruled he was wrongly fired from his £220,000 a year job [...]
Judge blames Baker McKenzie lawyers charging £800 an hour for ‘disproportionate’ costs budget November 8, 2022 A High Court judge has told Associated Newspapers Ltd to lower a “disproportionate” legal costs budget, in suggesting the Daily Mail owner should reconsider its use of “expensive” lawyers from US law firm Baker McKenzie paid more than £800 an hour. Judge Roger ter Haar KC told Associated Newspapers to revise its £3.18m legal costs [...]
NHS plans to use Palantir data collection software could face legal challenges, campaigners say November 7, 2022 NHS plans to collect patient data using software developed by controversial US tech firm Palantir could be challenged in court. Campaigners have said they are considering filing a judicial review to challenge the plans, which would see NHS patient data processed using Palantir’s Foundry analytics platform. The threat of legal action comes after the UK government cancelled a [...]
US law firms get their money’s worth by working lawyers almost 14 hours a day November 5, 2022 London trainee lawyers at top US law firms are working nearly 14 hours a day, new research shows. Junior and trainee lawyers at Chicago headquartered firm Kirkland & Ellis work the longest hours, in starting at 9:19am and clocking off at 11:11pm, research from Legal Cheek shows. The rankings show all ten of the law [...]
British companies are failing to keep up with criminals, in-house lawyers warn November 3, 2022 In-house lawyers working in major British companies are becoming increasingly concerned that the firms they work for are failing to keep up with the methods being used by criminals to carry out financial crime. More than two-thirds of in-house lawyers surveyed by law firm Ashurst said they have concerns about their companies’ abilities to keep [...]