The administrators of a group of investment companies won a second shot on Wednesday at bringing a £68 million ($85 million) negligence claim against Lupton Fawcett over a Ponzi scheme as an appeals court granting the administrators permission to revive their case.
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THURSDAY, JANUARY 30, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

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Law Firm Faces £68M Ponzi Scheme Negligence Claim Again

By William Janes

The administrators of a group of investment companies won a second shot on Wednesday at bringing a £68 million ($85 million) negligence claim against Lupton Fawcett over a Ponzi scheme as an appeals court granting the administrators permission to revive their case.

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SRA Fights To Revive AML Misconduct Case Against Dentons

By Christopher Crosby

The solicitors' regulatory body sought on Wednesday to revive its misconduct case for alleged money laundering breaches against Dentons, arguing at a court in London that a tribunal had misunderstood the legal principles at stake.

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GB News Appeals Ofcom Impartiality Case Over Political Host

By Joanne Faulkner

U.K. television network GB News sought permission from the High Court on Wednesday to challenge a ruling from the media regulator that it broke rules by allowing a politician to present news reports.

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Former RFB Boss Argues 'No Vendetta' Against Ex-Partner

By Adele Redmond

The ex-managing partner of Ronald Fletcher Baker LLP told a tribunal Wednesday that she had no vendetta against its former head of employment law, revealing that she stepped aside from the top job over "irreconcilable differences" with other partners.

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SECURITIES & BANKING

Barclays Beats Sex Bias Case, Citing Performance Concerns

By Hanna Vioque

A mortgage adviser has failed to prove that Barclays Bank treated her differently from male colleagues when it put her on an improvement plan, as an employment tribunal ruled that bosses were worried about her performance.

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Lawyers, Ex-Tax Inspector Took £278M From Trust, Court Rules

By Eddie Beaver

A London appeals court has upheld a High Court ruling that two solicitors and a former senior tax manager devised a scheme to cut out beneficiaries from Jersey trusts in what they saw as a "huge commercial opportunity" to divert an estimated £278 million ($345 million) to themselves.

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INSURANCE

Aercap Says Sanctions Don't 'Excuse' Insurers For Lost Jets

By Lucia Osborne-Crowley

Aircraft lessor Aercap told the High Court on Wednesday that insurers should have to cover losses over planes stranded in Russia because of Western sanctions imposed after the invasion of Ukraine.

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COMMERCIAL FRAUD

Pension Plans Seek Trader's Testimony In $2B Tax Fraud Suit

By Kevin Pinner

Pension plans and individuals who Denmark's government alleges received fraudulent refunds have asked a New York federal court to allow U.K. court testimony into the record from a trader who Danish authorities say masterminded a $2.1 billion tax fraud, saying it shows he deceived other participants.

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INTELLECTUAL PROPERTY

Dr. Martens Accuses Alibaba Of TM Infringement

By Jamie Lennox

Dr. Martens has sued an Alibaba unit in a London court for trademark infringement, claiming that its signs have appeared in ads on e-commerce site Aliexpress without permission.

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EMPLOYMENT & BENEFITS

Engineer Wins Redo Over Lack Of Witness Evidence

By Tabitha Burbidge

A Texas bankruptcy judge said Tuesday she would confirm embattled medical system CareMax's proposed Chapter 11 plan after it makes some modifications, highlighting that the proposal's definition of released parties was "entirely too broad."

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EXPERT ANALYSIS

What BT Ruling Will Mean For UK Class Actions

The Competition Appeal Tribunal’s recent dismissal of a £1.3 billion mass consumer claim against BT, the first trial decision for a U.K. collective action, reminds claimants and funders of the high bar for establishing an abuse, and provides valuable insight into how pending mass consumer cases may be resolved, say lawyers at Ashurst.

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LAW FIRMS IN TODAY'S NEWS

11KBW

4 New Square

7 King's Bench Walk

Ashurst LLP

Blackstone Chambers

Brick Court Chambers

Brown Rudnick

Clifford Chance

Clyde & Co

Dentons

Essex Court Chambers

Fountain Court Chambers

Freeths LLP

Freshfields

Gateley PLC

Herbert Smith Freehills

Hogarth Chambers

Holman Fenwick

Hughes Hubbard

Kennedys Law LLP

Kingsley Napley

Leigh Day

Lewis Silkin

Lupton Fawcett

Matrix Chambers

McGuireWoods

Morgan Lewis

Pachulski Stang

Quadrant Chambers

Radcliffe Chambers

Reynolds Porter

Ronald Fletcher

Sidley Austin

Sills Cummis

Wikborg Rein

WilmerHale

XXIV Old Buildings

COMPANIES IN TODAY'S NEWS

AerCap Holdings N.V.

Allergan PLC

American International Group Inc.

BT Group PLC

Barclays PLC

Dubai Aerospace Enterprise

Enterprise Chambers

Google LLC

Pfizer Inc.

Solicitors Disciplinary Tribunal

Solicitors Regulation Authority Ltd.

Stretto Inc.

Swiss Reinsurance Co. Ltd.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition Appeal Tribunal

Competition and Markets Authority

European Union

Financial Conduct Authority

HM Revenue & Customs

Ofcom

Serious Fraud Office

U.S. District Court for the Northern District of Texas

U.S. District Court for the Southern District of New York

U.S. Securities and Exchange Commission

UK Court of Appeal

UK High Court

UK Supreme Court