A Blow for Lloyds Shareholders

25 November 2019

Mr Justice Morgan dismissed an action by a group of 5,803 former Lloyds shareholders (the “Claimants”) in Sharp v Blank . The Claimants claimed that the Lloyds directors acted negligently in recommending the acquisition of HBOS – a bank burdened with bad mortgages.

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Legal advice privilege: a force to be reckoned with

15 November 2019

The Court of Appeal cements the enduring status of legal advice privilege and provides guidance on the questions to be asked when determining whether legal advice privilege can be waived.

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Pass the $182 million Parcel!

15 November 2019

In a decision highlighting the serious consequences of funding another’s litigation (even family) in Kazakhstan Kagazy Plc & Ors –v- Shyna Arip & Ors [2019] EWHC 2630 (Comm), the Commercial Court has granted a third party costs order (TPCO) against the wife (A) and mother-in-law (B) of a defendant (C).

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Woodford Fund to be wound up and the FCA considers changes to fund rules in the wake of the fund’s collapse

15 November 2019

Link Fund Solutions Limited (“Link”), the corporate director of the LF Woodford Equity Income Fund, has announced that it intends to wind up the fund as soon as possible.

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Conclusion of SFO investigation into LIBOR manipulation

15 November 2019

On 18 October 2019, the Serious Fraud Office (SFO) announced that it has concluded its investigation into the manipulation of the London inter-bank offered rate (LIBOR).

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A Good Day for Group Actions

15 November 2019

The Court of Appeal (CA) judgment in Richard Lloyd v Google is a game-changer for group litigation. It discusses the circumstances in which a claim can be brought by way of representative action, particularly where there has been a data privacy breach.

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