Specialist US class action law firm Scott & Scott has filed an opt-out collective action under the Consumer Rights Act 2015 against five banks that unlawfully manipulated the foreign exchange market.
The change in the discount rate has led to Direct Line increasing its reserves by £17m, while the ABI has warned that it will put pressure on motor premiums.
The Commercial Court has criticised the lack of co-operation between the solicitors on either side of a dispute, describing their correspondence as “a dialogue of the deaf”.
Qualified one-way costs shifting should be extended to cover discrimination cases in the county court, MPs on the House of Commons women and equalities committee have recommended.
Non-parties to litigation should generally have access to all written submissions and documents which have been placed before the court and referred to during the hearing, the Supreme Court has ruled.
City law firm HFW has agreed a £25m portfolio litigation funding facility with Augusta Ventures, while also unveiling a development partnership with litigation analytics start-up Solomonic.
Leading legal expenses insurer ARAG has reported double-digit growth in its BTE business and a ninth year in profit, despite what it said were the “challenging market conditions” for ATE.
Litigation funder Burford Capital has unveiled a 36% rise in operating profit for the first half of 2019 as it continues to make record levels of investments – and in increasingly innovative ways.