cityam.com

All articles about cityam.com.

Clawback: How Barclays is chasing down Covid-19 business loan cash

Barclays and Manolete have joined forces to recover money from more than 100 companies that have defaulted on the bounce back loans they received through the UK’s Covid support schemes.

UK class-action lawsuits against Google, Apple and Sony see value of competition claims surge to £26bn

Apple cityam.com Google Sony Thomson Reuters

The value of UK competition class-actions surged six-fold over the past year, from £4bn in 2021 to £26bn in 2022, research by Thomson Reuters shows, following the filing of a series of multi-billion-pound funded claims against some of the world’s biggest tech companies, including Apple, Google and Sony.

Barclays, NatWest and HSBC increasingly targeted by litigation funders in wave of class-action lawsuits

Barclays cityam.com HSBC NatWest RPC

Barclays, NatWest and HSBC are increasingly being targeted by litigation funders in a wave of class-action lawsuits, according to analysis by law firm RPC, with London-headquartered Barclays bearing the brunt of the class actions wave, facing at least 41 separate claims.

Boom in law firm partner hires set to subside in 2023 as recession hits

cityam.com

Higher interest rates will subdue not only the recent boom in law firm partner hires, but may also dampen the litigation funding market as the private equity funds that back litigation funders begin to suffer, a new report warns.

Arctic miner GreenX to pocket £740m in damages from Polish government

cityam.com GreenX Metals Litigation Capital Management

Arctic miner GreenX Metals is set to pocket £737m in damages from the Polish government in a claim funded by Litigation Capital Management in which the company argued that the government blocked the Jan Karski and Debiensko projects, thereby depriving GreenX of the entire value of its investments.

Barclays faces court over £40m breast implant scandal

Barclays cityam.com Henderson & Jones

Potentially damning email exchanges have been produced in a claim purchased by funder Henderson & Jones, which alleges Barclays helped a private healthcare company avoid paying compensation to women given faulty breast implants.

Barclays faces £40m lawsuit over breast implant scandal

Barclays cityam.com Henderson & Jones Hospital Medical Group

A £40m High Court lawsuit, which is scheduled to be heard this October, claims Barclays’ Business Support Unit helped restructure Hospital Medical Group (HMG) to ensure it avoided paying compensation to thousands of women who were given dangerous breast implants. The claim is backed by Henderson & Jones, which purchased the claim from HMG’s liquidators.

Axiom founder sentenced to 14 years in prison over £100m ‘no win, no fee’ investment fraud

Axiom Legal Financing Fund cityam.com

Timothy Schools, the founder of Cayman Islands-based Axiom Legal Financing Fund, has been jailed for 14 years for using millions in investors' cash to finance his own extravagant spending habits. The former lawyer used a network of offshore trusts and bank accounts to siphon off millions invested in his litigation fund to buy £262,543 worth of luxury cars, a £78,000 motor boat, and a £5m shooting and fishing estate in the Lake District.

Lawyers gearing up for ‘wave of litigation’ due to crypto crash: Furious Brits expected to claim losses back

cityam.com RPC

The collapse in the value of crypto is likely to lead to a raft of claims from UK investors who believe they have lost considerable sums of money after being mis-sold cryptocurrencies and, according to Dan Wyatt of RPC, litigation funders are becoming increasingly confident that they can get crypto class action cases up and running and are keen to establish their reputation in this area.

Tory backbencher calls on government to close ‘loopholes’ letting London firms work for the Kremlin

cityam.com CMS Harbour Litigation Funding

Tory backbencher Kevin Hollinrake has called on the government to close the “loopholes” that have allowed UK professional services firms to continue carrying out bankruptcy proceedings on behalf of the Russian state. The Conservative party MP accused accountancy giant Grant Thornton, litigation funder Harbour, and London law firm CMS of undermining the UK’s efforts to “restrict the Kremlin’s access to funds,” by carrying out bankruptcy proceedings against Russian oligarch Alexey Motylev. A spokesperson for Harbour noted that the litigation funder had not been involved in the case since June 2021.

Litigation Finance Insider

Litigation Finance Insider

cityam.com

Clawback: How Barclays is chasing down Covid-19 business loan cash

UK class-action lawsuits against Google, Apple and Sony see value of competition claims surge to £26bn

Barclays, NatWest and HSBC increasingly targeted by litigation funders in wave of class-action lawsuits

Boom in law firm partner hires set to subside in 2023 as recession hits

Arctic miner GreenX to pocket £740m in damages from Polish government

Barclays faces court over £40m breast implant scandal

Barclays faces £40m lawsuit over breast implant scandal

Axiom founder sentenced to 14 years in prison over £100m ‘no win, no fee’ investment fraud

Lawyers gearing up for ‘wave of litigation’ due to crypto crash: Furious Brits expected to claim losses back

Tory backbencher calls on government to close ‘loopholes’ letting London firms work for the Kremlin

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