Liquidators for a failed Greek telecommunications company must pay £7.4 million ($9.6 million) in costs to dozens of individuals and businesses connected to private equity firms Apax and TPG, a judge in London ruled, finding that the liquidators’ decision to suddenly abandon their lawsuit against the two companies made the case one of an "extraordinary nature."

Saturday, October 20, 2018 Follow Law360


PE Firms Win £7.4M Costs After Greek Telco Ends €1B Suit

Liquidators for a failed Greek telecommunications company must pay £7.4 million ($9.6 million) in costs to dozens of individuals and businesses connected to private equity firms Apax and TPG, a judge in London ruled, finding that the liquidators’ decision to suddenly abandon their lawsuit against the two companies made the case one of an "extraordinary nature." Read full article »

Singapore Bank Sues For $9.2M, Calling Cargo Docs Bogus

A Singapore-based bank has filed a lawsuit in London against commodities exporter Global TradingLinks, seeking over $9 million in damages that it claims to have suffered as a result of deception in the paperwork supporting a trade deal. Read full article »

Qatari Bank Demands €5M Or Yacht Sale Over Defaulted Loan

A Qatari-owned bank is suing the owners of a yacht known as the Force India in the English courts in an effort to recover around €5.2 million ($6 million) it says it is owed under a loan deal with Gizmo Invest SA, a Luxembourg-based entity. Read full article »

Jury Hears Ex-Barclays Trader's Worries As Gov't Case Ends

Jurors in the antitrust trial of three former foreign exchange traders for Citigroup, Barclays PLC and JPMorgan Chase & Co. units on Friday heard a recording of a former Barclays trader voice concern about his allegedly collusive trading behavior in the forex market as prosecutors wrapped up their witness testimony. Read full article »


UK Litigation Roundup: Here's What You Missed In London

The last week has seen Allianz sue Maersk, a Barclays request to transfer part of its banking business and another filing between two sides fighting over payouts from a £200 million RBS rights holders settlement. Here, Law360 looks at those and other new claims in the U.K. Read full article »


Global Watchdog Paves Way For Cryptocurrency Regulation

The international anti-money laundering watchdog said on Friday that national regulators will supervise cryptocurrency exchanges and wallet providers, in a landmark move that will bring virtual assets under regulation in order to prevent criminals from using them to launder money and fund terrorism. Read full article »



BigLaw Firms Quiet About Lobbying Ties To Saudi Arabia

Gibson Dunn & Crutcher LLP is the only major U.S. law firm to walk away from its lobbying relationship with Saudi Arabia after growing condemnation of its alleged involvement in a journalist's death, as five other major law firms are keeping quiet about their ties to the Middle Eastern kingdom so far. Read full article »

Kavanaugh Gets 7th Circ. As High Court Shuffles Assignments

The U.S. Supreme Court on Friday issued an order handing over Justice Elena Kagan’s Seventh Circuit assignment, which she had held since 2010, to newly confirmed Justice Brett Kavanaugh. Read full article »


GCs Should Take Hack Issues To The Feds, DHS Official Says

Jeanette Manfra, a top cybersecurity and communications official at the U.S. Department of Homeland Security, tells Law360 why she's inviting general counsel to trade information about cyberthreats with her office and discusses the department's plan to secure the upcoming federal and state elections. Read full article »


Chancery Closes Gender Gap, National Courts Moving Slowly

Delaware lawmakers caused a small stir earlier this month when they confirmed two veteran female attorneys to the state’s Court of Chancery, expanding the nationally important court by two seats while roughly closing the gender gap among its now-seven members for the first time. Read full article »

Labaton Says 1/3 Of Its Open Cases Include Referral Fees

Nearly one-third of Labaton Sucharow LLP’s open cases came to the firm through referral arrangements, according to a filing Thursday in Massachusetts federal court, offering a peek behind the curtain as the firm faces scrutiny for a payment to a Texas attorney uncovered in the ongoing State Street settlement fee fight. Read full article »

Philly Atty Says Neighboring Starbucks Flooded His File Room

A Philadelphia attorney sued his landlord and Starbucks Corp. in state court Thursday over a 2016 flood — allegedly caused by a pipe clogged with coffee grounds from a neighboring coffee shop — that destroyed archived client files kept in the lawyer’s basement storage room. Read full article »

Atty Urges Justices To Hear Suit Over Defamatory Yelp Review

A personal injury lawyer and her firm have urged the U.S. Supreme Court to review the California Supreme Court's split ruling that reverses an order requiring Yelp Inc. to take down defamatory reviews that a former client posted on the customer review site. Read full article »


GC Cheat Sheet: The Hottest Corporate News Of The Week

Three separate surveys published recently identified the four firms that general counsel fear the most, revealed one in four professional women working in the legal industry experienced some form of sexual harassment or misconduct in the past five years and showed legal industry has a serious problem with bullying. These are some of the stories in corporate legal news you may have missed in the past week.​ Read full article »


Law360's Pro Say: No 11th-Hour Judicial Picks For Fla. Gov.

The Florida Supreme Court ruled this week that Republican Gov. Rick Scott couldn’t pick three new high court justices in his final hours in office, capping off a strange judicial showdown in the Sunshine State. Carolina Bolado, our senior Florida reporter, joins us on the Pro Say podcast to break it all down. Read full article »

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