Britain’s largest bank, HSBC, has been fined a total of £10.5 million by the Financial Services Authority over investment bond advice it gave to more than 2,000 elderly customers. This is the largest penalty ever imposed by the City regulator for organisations breaching its rules. Another organisation which may need to rely on its professional …
The ticket-selling company Ticketmaster has reportedly agreed a settlement in a class action lawsuit over processing fees for tickets bought over the phone and online. Customers who bought tickets from the website between October 1999 and October 2011 were invited to participate in the class-action suit, which alleged that Ticketmaster had “wrongfully collected” processing fees …
The global banking and financial services company Barclays is reportedly facing an €82 million lawsuit in London after it was accused of misusing the confidential information of a potential client to secure the takeover of another company. The accuser in this case, a UK advisory and trading firm known as CF Partners, claims that it …
A class action lawsuit has reportedly been filed against the Californian health company known as Sutter Health after personal information relating to millions of patients went missing. The lawsuit, which was filed in Sacramento Superior Court by representatives of some of the US citizens affected by the data breach, accuses Sutter Health of negligence in …
The record company Universal is currently suing Grooveshark, an online music streaming service, for copyright infringement. According to the latest estimates, the case could cost Grooveshark up to $17 billion in damages if it loses, so hopefully the company has professional indemnity insurance that is up to the job. In the lawsuit, Universal is claiming …
Actress Eva Longoria, best known for her role on the hit US TV show Desperate Housewives, is reportedly facing a public liability lawsuit after a woman allegedly slipped and injured herself at the Las Vegas restaurant Longoria owns. According to the lawsuit, which has been filed at L.A. County Superior Court, Luiza Boyadijan claims she …
A company which made Power Balance bracelets and claimed that they had “performance-enhancing” qualities for athletes has reportedly been forced to pay $57 million to settle a class action lawsuit from disgruntled customers. Power Balance, a company based in California, has sold more than 3 million of the rubber bracelets, which it claimed were inspired …
Nintendo and EA Games are amongst many other companies named in a new patent infringement lawsuit filed by Impulse Technologies over wireless exercise equipment. The industrial wire and cable company is claiming that it patented a pressure sensitive board, complete with accelerometer accessory, back in 1996. It now argues such as EA Sports Active, Wii …
A lawsuit has been filed after a defective snow globe allegedly caused a fire which completely destroyed a home worth more than $1 million. The Jumbo Snowman snow globe, which was made by Hallmark cards, is believed to have started a blaze which destroyed the northern Michigan home of Florence and Stephen Hajek. The couple …