The US government may ask a judge for an order to dissolve Alphabet, Google’s parent company. The US Department of Justice has listed this as one of the remedies after
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GSK, the second largest pharmaceutical company in Britain, has agreed to pay up to $2.2billion to settle 80,000 US court cases involving its blockbuster drug Zantac. GSK announced after the
The right to appeal has been won by a Vietnamese airline facing a bill of up $250 million for compensation in a High Court case over aircraft leases between a
Martyn Day stared at tanks from his window. In 2006, Leigh Day’s co-founder travelled to Ivory Coast in order to fight a lawsuit against Trafigura. Trafigura was accused of dumping
Next warned it may be forced to shut down stores following a legal victory over equal pay. The retailer is expected to lose more than £30million after the landmark case.
A left-of centre thinktank is urging Rachel Reeves to announce in the budget next month changes to capital gains, inheritance tax, and national insurance that would raise over £20bn per
The City regulator brought its first criminal charge against an individual who was allegedly operating a network illegal cryptocurrency ATMs. Olumide Osunkoya has been accused by the Financial Conduct Authority
Apple lost a €13-billion battle against unpaid taxes, a landmark in European Union law over “sweetheart tax deals”. The European Court of Justice reversed an earlier ruling that favored the
In a landmark achievement for the legal sector, DLA Piper has become the first English law firm to break the £3 billion annual revenue barrier. The firm, which originated in
Elon Musk filed a new lawsuit against OpenAI, the maker of ChatGPT and its CEO Sam Altman. He accused the company of “perfidy” and “deceit of Shakespearean proportions”. Musk’s latest
Clifford Chance’s top partner pay increased by £40,000, to an average of £2,04 million. The City law firm has reported its best financial results in seven years. The company “magic
GSK’s market value was reduced by almost £7 billion after it suffered a major setback in the costly legal battle that the company fought over Zantac. A state court in
GSK suffered a major setback in its legal battle against the discontinued heartburn drug Zantac after a US judge waved through the lawsuits filed by 72,000 people claiming it caused
Lawyers warn that businesses could be hurt by competition laws becoming a new source of income Justin Le Patourel, just moments before the UK’s very first class-action lawsuit was to
The deputy UK foreign secretary said that nearly 40% of dirty money is sent through the City of London, and other Crown dependencies. Andrew Mitchell said the Foreign Office will
Uber’s operating income was less than a quarter what Wall Street expected. The ride-hailing company reported that it had made $172 in the first three months of this year. This
