NEXT
Sign in to follow

International Edition

Former TTP GC found guilty of insider trading

The Financial Services Authority (FSA) has closed its first criminal case for insider trading, with former TTP Communications general counsel Christopher McQuoid and his father-in-law James William Melbourne found guilty. The duo had been accused of insider trading ahead of an £103m offer made by communications company TTP for Motorola in 2006. The case, heard at Southwark Crown Court, found that McQuoid had passed the information on to Melbourne, who then traded and made a profit of £48,919. The court heard that Melbourne had split the profits with McQuoid three months later.
2 minute read

International Edition

Jackson review triggers debate over costs in top-end litigation

Concerns have been raised about whether Lord Justice Rupert Jackson's review into the high cost of civil litigation should apply to large-scale commercial disputes. The Commercial Court Users Committee (CCUC), is questioning whether a one-size-fits-all approach to costs should be applied across the board in civil litigation.
2 minute read

International Edition

US litigation newcomer set for Lords debut

Quinn Emanuel Urquhart Oliver & Hedges is set to appear before the House of Lords, less than a year after the US firm's launch in the City. The US litigation leader is due to appear in the House of Lords for two days at the beginning of July representing a group of investment funds seeking to retrieve money following the collapse of the $27bn (£17.9bn) structured investment vehicle Sigma Finance.Quinn Emanuel partner Sue Prevezer QC, who joined the firm last May from Bingham McCutchen, is leading the case. She was previously a barrister with top commercial set Essex Court Chambers before spending a year with Bingham.
2 minute read

International Edition

Eversheds to cut back on number of chambers used

Eversheds is set to cut the number of chambers it uses from 90 to 15 in a bid to build deeper relationships with the Bar. Eversheds litigation head Ian Gray is conducting a review, which started earlier this month, in a bid to narrow the firm's use of the external Bar. The move will see the national giant select approximately 15 sets to work with, including a mixture of niche chambers and commercial sets.
2 minute read

International Edition

Herbert Smith seals Buncefield win for Chevron

Herbert Smith has scored a victory advising Chevron in one of the largest pieces of commercial litigation ever seen in the UK, as its joint venture partner Total is found liable for the 2005 Buncefield disaster. In a judgment handed down in the High Court this morning (20 March), Mr Justice David Steel ruled that Total - which has a 60% stake in Hertfordshire Oil Storage Ltd (HOSL), the joint venture that runs the Buncefield depot - was responsible for the explosion and liable for the financial consequences.The aftermath of the explosion - which has been described as the largest incident of its kind in peacetime Europe - has seen approximately £750m of claims from around 4,000 local businesses, residents and other oil companies with facilities at Buncefield, such as Shell.
3 minute read

International Edition

Cherie Booth advises on RBS pension funds suit

Two British pension funds have lined up Cherie Booth QC and US class action specialist Coughlin Stoia Geller Rudman & Robbins to sue the Royal Bank of Scotland for hundreds of millions of pounds. The North Yorkshire and Merseyside council pension funds - which, between them, have a combined value of around £4bn - have instructed Booth (pictured) of Matrix Chambers to seek compensation for them through the US courts.The claim, which implicates the entire RBS board, states that both funds were reassured that the bank was in good health and their investments were safe, when in fact the bank was struggling as a result of of bad loans.
2 minute read

Inside Counsel

Whole Foods Reaches Agreement with FTC

FTC has tried to block the merger between the retailer and Wild Oats Markets.
3 minute read

Inside Counsel

High Court Rejects Pre-emption in Wyeth v. Levine

Supreme Court finds 6-3 that federal drug labeling approval does not pre-empt state tort claims.
2 minute read

Corporate Counsel

Vague Media Reports Do Not Constitute Storm Warnings

Justices tackle the contentious issue of what constitutes a "storm warning."
19 minute read

Corporate Counsel

The Economics of Deterrence

An extended Q&A with Andrew Frey.
7 minute read

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

Resources

  • Strong & Hanni Solves Storage Woes--Learn How You Can, Too

    Brought to you by Filevine

    Download Now

  • Meeting the Requirements of California's SB 553: Workplace Violence Prevention

    Brought to you by NAVEX Global

    Download Now

  • The Benefits of Outsourcing Beneficial Ownership Information Filing

    Brought to you by Wolters Kluwer

    Download Now

  • The Top 10 AI Use Cases in Private Equity

    Brought to you by Ontra

    Download Now