Credit Suisse Life Fights $607M Liability To Ex-Georgian PM

By Lucia Osborne-Crowley

The Bermudan life insurance arm of Credit Suisse challenged court findings Monday that it owes $607 million in damages to the former prime minister of Georgia, saying his losses were due to fraudulent activity by an employee of its banking arm.

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Royalties Body Says Blur Drummer's Class Action Is 'Weak'

By William Janes

An organization that collects royalties for musicians in the U.K. continued its fight on Monday to fend off a claim brought by the drummer of rock band Blur, who alleges it unfairly distributes money, branding the case as "exceptionally weak."

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Bratz Maker Beats Rival's £90M Claim Despite Antitrust Breach

By Jamie Lennox

MGA Entertainment Inc., the company behind Bratz dolls, owes no compensation to a rival despite running a campaign of "undeniable" antitrust violations and making unjustified threats of patent infringement litigation, a London judge said Monday.

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VTB Sues JPMorgan Over €17M Asset Sale Amid Sanctions

By Eddie Beaver

VTB has alleged that JPMorgan owes it more than €17.8 million ($21 million) over the American bank's botched handling of a trading account and failing to pay out for assets it sold after the Russian bank was hit with sanctions, widening the legal dispute between the two companies.

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Ex-Metro Bank Execs Win Bid To Reduce FCA Fines

By Lucia Osborne-Crowley

An appellate tribunal on Monday reduced financial penalties for two former Metro Bank executives, confirming the bank breached listing rules when it published misleading financial statements in 2018 but finding the executives were honest with the tribunal about the £900 million ($1.2 billion) reporting scandal.

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Investors Can Pursue Claim Over Essity Tissue Biz Sale

By Eddie Beaver

A London court on Monday cleared the path for a group of investment companies to pursue their claim that Swedish health and hygiene conglomerate Essity defaulted on bond notes when it sold its controlling stake in a Chinese tissue company.

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Mozambique Wins Bid To Add Safa Heirs In $1.9B Dispute

By Ronan Barnard

A London judge ruled Monday that Mozambique should be allowed to add the heirs of shipbuilding magnate Iskandar Safa to the government's claim over a bribery scheme as it seeks to enforce a $1.9 billion damages award.

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Venom Singer Claims Copyright Over Band's Satanic Designs

By Sophia Dourou

Heavy-metal singer Conrad Lant insisted on Monday that he was the creator of designs associated with the band Venom, as he gave evidence in his dispute with former bandmate Anthony Bray and a music distributor over branded merchandise.

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Taxi Payment Business Accuses Ex-Director Of Copying App

By Hanna Vioque

A company providing card payment services to taxi drivers has accused a former director of breaching his duties and infringing its copyright by poaching senior developers to set up a rival payment system. 

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Water Drainage Biz Sues UK Rival For Copying Rooftop Patent

By Tabitha Burbidge

A German water drainage company has sued Radmat Building Products, a U.K. construction materials supplier in London, accusing its competitor of unlawfully copying its patent for drainage technology used for a type of flat roof.

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Norwich FC Staffer Unfairly Sacked Over Russell Brand Jokes

By Tabitha Burbidge

A former Norwich City Football Club steward was unfairly dismissed for sharing with a senior staffer potentially sexist and racist memes about politicians Diane Abbott and Nicola Sturgeon that referenced allegations against comedian Russell Brand, according to an employment tribunal ruling published Monday. 

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Ousted Food Biz Exec Wins Claim Over Cousin's Spying

By Tabitha Burbidge

An employment tribunal has upheld a former food company director's claim that his cousin, a co-director of the family-run business, subjected him to covert surveillance, poor communication and deliberate exclusion that forced his resignation.

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