UK group action against Clydesdale, Australia’s NAB heads to High Court

Almost 370 businesses have joined a group action suing Clydesdale Bank and its former owner National Australia Bank in a dispute over small business loans that is set for its first day in London’s High Court in December. The group, which alleges businesses were deceived between 2001 and 2012 when buying fixed rate Tailored Business Loans, has snowballed since last year’s launch and now represents 509 smaller businesses and 867 individual loans, according to claims management company RGL Management. Bench Walk Advisors is backing the claim. More from Reuters.

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Interview with Ayse Yazir- Global Head of Origination, Bench Walk Advisors LLC

Ayse Yazir of Bench Walk Advisors shares her journey from working as a paralegal at a law firm to her current role as Global Head of Origination at Bench Walk Advisors, which has quickly become a global player in the market, having earned a no.1 ranking in Chambers & Partners and funded 155 cases in just four years. Ayse also reveals how her Turkish roots and inspiring family story have contributed to her success.

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Judge hits pause in Intel patent case, says VLSI must detail investors

Delaware federal judge Colm Connolly put VLSI Technology’s patent case against Intel on hold last week, citing a failure to provide sufficient information about the company’s investors in accordance with the standing order he issued in April. Connolly said that VLSI’s disclosures gave vague information and improperly redacted details about several entities with a stake in the company.

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New York lawyer disbarred after admitting litigation funding scam

A New York state court has disbarred the founder of litigation finance firm Cash4Cases, who will be sentenced next month in federal court for his role in a multimillion-dollar securities fraud scheme. Manhattan prosecutors said last year that Jaeson Birnbaum “conned investors through a series of lies about Cash4Cases.” The government alleged he used the company to take cash for himself, despite telling investors he was using funds to back litigants.

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