Topic filter : Damages

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.... The company is likely to appeal in the European courts, delaying a resolution to the case for years. The decision from the regulator would, however, open the way for shopping comparison competitors or customers to file damages claims against Google. ... [Read full article on Guardian ]
Friday 16th of June 2017 10:14:33 AM
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....Even if you have to borrow, if the value of your investments – in people, in technology, in infrastructure – increases, then the economy is in a stronger position for the future. Focusing only on the debt side of the balance sheet misses this, and damages the economy. ... [Read full article on Guardian ]
Wednesday 7th of June 2017 12:20:24 PM
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....7bn (£4. 4bn) in damages. ... [Read full article on BBC ]
Monday 5th of June 2017 10:19:27 PM
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Thursday 1st of June 2017 09:37:48 AM
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.... This is a decision which is fully supported by our legal advisers. “We understand that accepting an offer of slightly below the previously advised range of damages, being 92p per share and 234p per share, may be surprising to some claimants. ... [Read full article on Guardian ]
Monday 29th of May 2017 02:23:52 PM
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Latest Finance News related to Damages

Google 'faces €1bn-plus fine' from EU over market dominance image
Source : Guardian [Read Article] Friday 16th of June 2017 10:14:33 AM
.... The company is likely to appeal in the European courts, delaying a resolution to the case for years. The decision from the regulator would, however, open the way for shopping comparison competitors or customers to file damages claims against Google. ...
Austerity has strangled the British economy. Only Labour gets this | Joseph Stiglitz image
....Even if you have to borrow, if the value of your investments – in people, in technology, in infrastructure – increases, then the economy is in a stronger position for the future. Focusing only on the debt side of the balance sheet misses this, and damages the economy. ...
'Pink slime': Meat processer seeks $5.7bn in defamation case image
....7bn (£4. 4bn) in damages. ...
RBS investors urged to settle case with bailed-out bank image
Source : Guardian [Read Article] Monday 29th of May 2017 02:23:52 PM
.... This is a decision which is fully supported by our legal advisers. “We understand that accepting an offer of slightly below the previously advised range of damages, being 92p per share and 234p per share, may be surprising to some claimants. ...
RBS shareholders take battle over cash call to high court image
Source : Guardian [Read Article] Sunday 21st of May 2017 01:03:31 PM
....The case, for which RBS expects to incur £125m of legal fees, will be heard by Mr Justice Hildyard and is expected to last 14 weeks. But according to reports, it could take seven years to establish the bank’s liability and quantify damages if appeals are made. ...
Government may fund South African mine that would compete with Adani image
Source : Guardian [Read Article] Saturday 20th of May 2017 12:27:03 AM
....“Developing a South African coal mine with Australian taxpayers’ money is madness, no matter what side of Australia’s coal debate you are on,” he said. “At best the project fails and we lose our money, at worst it leads to increased greenhouse emissions and damages our own coal industry. ...
RBS settlement has left business couple feeling 'gutted' image
Source : BBC [Read Article] Thursday 18th of May 2017 01:48:53 PM
....A couple say they still feel "gutted" after settling with Royal Bank of Scotland for allegedly mis-selling them a financial insurance product. Mike and Diane Hockin had been claiming £30m in damages after losing their property business in 2012. ...
Buy-to-let millionaire who bans 'coloured' people faces legal action image
Source : Guardian [Read Article] Wednesday 17th of May 2017 02:20:13 PM
....Wilson said he was confident he could defeat the EHRC in court. “When getting an injunction you have to apply for damages. ...
Noel Edmonds accuses Lloyds of 'foot dragging' over HBOS payouts image
.... . The Deal or No Deal host wants £50m in damages because he says the "criminal actions" of an HBOS manager brought his business "crashing down". ...
'Brexit boom' creates record number of UK billionaires image
Source : Guardian [Read Article] Sunday 7th of May 2017 12:20:36 PM
....“Record numbers of people visited food banks last year, millions are locked out of a decent home and two-thirds of children in poverty are in working households. “We know that inequality damages our economy and society, and makes it harder for ordinary people and their children to get on. ...
Breaking brands image
Source : BBC [Read Article] Saturday 6th of May 2017 11:46:31 PM
....At least Theranos is still in existence, not so the US media and celebrity news website Gawker. It filed for bankruptcy protection last year to avoid paying damages having lost a $140m lawsuit brought by former wrestler Hulk Hogan, after it published a video of him having sex with the wife of a friend. ...
Johnson & Johnson ordered to pay $110m in US talc cancer case image
....The verdict included $5. 4m in compensatory damages and $105m in punitive damages against J&J. ...
Olympus scandal: Former bosses to pay $529m over fraud image
Source : BBC [Read Article] Friday 28th of April 2017 06:11:19 AM
. Six executives sacked by Japan's Olympus have been ordered to pay more than half a billion dollars in damages after a massive accounting fraud. ...
General Motors loses Supreme Court appeal over car faults image
Source : BBC [Read Article] Monday 24th of April 2017 09:06:53 PM
....The US Supreme Court, the top US court, will not hear the carmaker's appeal, which argued that its 2009 bankruptcy protected it from the claims. The Supreme Court decision exposes GM to potentially billions more damages over the switches, which have been linked to deaths and accidents. ...
Packing a punch image
Source : BBC [Read Article] Sunday 23rd of April 2017 06:58:24 AM
....The firm famously pursued Argentine debt for more than a decade, seizing one of the country's naval ships while it was docked in Ghana and prompting the country to default. In the UK, it also intervened in coach operator National Express and fought supermarket Tesco for damages stemming from a 2014 accounting scandal. ...
Five minute guide to getting covered for your holiday image
Source : Daily Express [Read Article] Sunday 16th of April 2017 12:01:00 AM
.... . Finally, you need around £2 million of personal liability cover in case you are liable to pay damages for injury to somebody else or their property. ...
Charging Bull artist wants removal of Fearless Girl statue image
Source : BBC [Read Article] Wednesday 12th of April 2017 05:04:35 PM
...."The girl is like - 'I am here, what are you gonna do?'", he told reporters, his voice breaking at times. His lawyers are requesting unspecified damages, due to a "copyright violation". ...
Flyer beware: why the customer isn't always right at 40,000ft image
Source : Guardian [Read Article] Tuesday 11th of April 2017 05:03:37 PM
....” This is where United, a so-called full-service airline that tries to offer a level of customer service superior to that of budget rivals, could suffer lasting reputational damage. At the end of rule 25, United states: “UA shall not be liable for any punitive, consequential or special damages arising out of or in connection with UA’s failure to provide the passenger with confirmed reserved space. ...
A hole in home insurance cover that could leave millions out of pocket image
Source : Guardian [Read Article] Saturday 8th of April 2017 06:00:31 AM
....”. It said Aviva should cover Picone for any damages she became legally liable to pay her neighbour as if she’d had the relevant cover. ...
Network Rail’s knotweed policy is undermining my house sale image
Source : Guardian [Read Article] Thursday 6th of April 2017 06:00:33 AM
....Under the Environmental Protection Act, landowners can be held liable if the weed spreads from their land to nearby properties, so you and your neighbours should take legal advice. It may be that you can sue Network Rail for damages if you can prove that your property value has been affected as a result of its negligence. ...
Sir Elton John among 63 new phone-hacking claims image
Source : BBC [Read Article] Wednesday 5th of April 2017 05:13:31 PM
...."This surge in the number of claimants is a reflection of the expansion of the case to cover the Sun," he said. Mr Hutchings added some claimants were seeking damages for "concealment and destruction of evidence" by NGN. ...
Uber sued by car-share stab victim image
Source : BBC [Read Article] Wednesday 5th of April 2017 04:30:42 PM
....Ms Camacho had to fight off her attacker, a 34-year-old woman, until the police arrived. The case against Uber and the alleged attacker claims the car-hailing firm was negligent and Ms Camacho is seeking more than $150,000 (£120,000) in damages. ...
UK nuclear plans could be hit by Westinghouse financial crisis image
Source : Guardian [Read Article] Tuesday 28th of March 2017 06:47:55 PM
....The US utilities that operate the two nuclear plants are among Westinghouse’s biggest creditors, owed for work that has yet to be completed and potential penalties, sources have said. The bankruptcy filing will allow Westinghouse to renegotiate or break the construction contracts, although the utilities that own the projects would likely seek damages. ...
The learners who are out of pocket  as Drive Dynamics stalls over lessons image
.... Individual professional driving instructors must be on the Approved Driving Instructor (ADI) register or licensed by the ADI Registrar, which are regulated by the Driver & Vehicle Standards Agency (DVSA), but anyone can set up a driving school provided they use qualified instructors. It’s an issue that damages the reputation of the profession, according to the Driving Instructors Association. ...
'Brothers bling': lawsuit puts Nick and Christian Candy in spotlight image
Source : Guardian [Read Article] Saturday 18th of March 2017 09:00:35 AM
....There is a saying in the property world: “You only deal with Candy & Candy once”. Those were the words of a witness at a £132m high court trial for damages which has turned the private and financial affairs of billionaire property moguls Nick and Christian Candy into a succession of lurid headlines. ...
Donald Trump's 2005 tax return leak reveals $38m bill image
Source : BBC [Read Article] Wednesday 15th of March 2017 02:38:18 AM
.... . The Pulitzer Prize-winning journalist said he and his family received threats over the report, calling it a "disturbing sign of how Trump damages civil debate". ...
Christian Candy's finance chief denies 'good cop, bad cop' game image
Source : Guardian [Read Article] Tuesday 14th of March 2017 05:51:04 PM
....A spokesman for CPC said Holyoake repaid the six-month loan after 28 months in 2014. The businessman is seeking £132m from the property mogul brothers in lost profits, loan overpayments, legal costs and aggravated damages. ...
Nick Candy denies claim he is jointly in charge of brother's CPC empire image
....He said his involvement with the loan dispute was because he felt an “element of responsibility” for introducing his brother to Holyoake, who, he told the high court, had been running a “Ponzi scheme”. Holyoake is seeking £132m from the brothers in lost profits, loan overpayments, legal costs and aggravated damages. ...
Nick Candy paid Katy Perry £1.2m to sing at his wedding, court told image
Source : Guardian [Read Article] Friday 10th of March 2017 05:00:20 PM
....”. Billionaire brothers Nick and Christian Candy are being sued for £132m in damages by former business associate Mark Holyoake. ...
Jack Monroe wins Katie Hopkins libel tweet case image
Source : BBC [Read Article] Friday 10th of March 2017 03:35:05 PM
. Food blogger Jack Monroe has won £24,000 damages, plus legal costs, in a libel action against columnist Katie Hopkins after a row over two tweets. ...
Sick DPD couriers face £150 charge if unable to find cover image
Source : Guardian [Read Article] Friday 3rd of March 2017 07:39:12 PM
.... It made more than £100m in profit in 2015, according to its latest accounts, amid rapidly rising demand for online shopping. Earnings lost from missing a day’s deliveries were compounded if couriers could not arrange cover and DPD levied “liquidated damages”. ...
Christian Candy tells high court: ‘I don’t deal with shady people’ image
....”. The billionaire was giving evidence for a third day in a £132m claim for damages brought by the entrepreneur Mark Holyoake, who alleges Candy and his brother used threats and blackmail to extort repayments totalling £37m on a £12m loan. ...
Yahoo boss Marissa Mayer loses millions in bonuses over security lapses image
Source : Guardian [Read Article] Thursday 2nd of March 2017 01:24:37 AM
.... That deal was reached last July, two months before Verizon and the rest of the world learned about Yahoo’s lax security. More than 40 lawsuits also have been filed seeking damages for the breaches. ...
Christian Candy 'was hellbent on destroying' former friend's family image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:32:23 PM
....Property billionaires Nick and Christian Candy have been accused of frightening another businessman’s wife so seriously that she took to sleeping in her children’s bedroom, while the family hired armed guards and installed CCTV to protect their home. The claims were made in court documents by Emma Holyoake, the wife of entrepreneur Mark Holyoake, who is suing the Candy brothers for £132m in damages over a business deal gone sour. ...
Candy brothers were 'not prepared to pay any tax', high court told image
Source : Guardian [Read Article] Friday 10th of February 2017 05:27:30 PM
....Entrepreneur Mark Holyoake, a university friend of Nick Candy who fell out with the brothers over a business deal, made the allegation as he took the witness stand in the high court in London on Friday. He is bringing a £132m damages action against pair. ...
Developer claiming £132m   from Candy brothers is accused of 'serial dishonesty' image
. Mark Holyoake, the businessman claiming £132m in damages from the property tycoons Christian and Nicholas Candy, has been accused of “dishonesty and fraud” at London’s high court. ...
Candy brothers accused of blackmail and extortion in high court image
Source : Guardian [Read Article] Wednesday 8th of February 2017 11:40:18 AM
. The billionaire Candy brothers have faced accusations in the high court of blackmail, extortion and intimidation, as former business partners and once close advisers prepared to give evidence against them in a £132m claim for damages. ...
JP Morgan Chase to pay $55m to settle racial discrimination charges image
Source : Guardian [Read Article] Wednesday 18th of January 2017 04:50:34 PM
....The decision came after US attorney Preet Bharara filed a complaint on Wednesday alleging that the US’s biggest bank discriminated against at least 53,000 African American and Hispanic mortgage seekers between 2006 and 2009 in violation of the Fair Housing Act. Minority borrowers were owed “tens of millions of dollars in damages”, the government said, because JP Morgan allowed them to be charged higher rates and fees than “similarly situated white borrowers”. ...
Rolls-Royce: questions remain despite £671m bribery settlement | Nils Pratley image
.... Even so, the inflation in valuations shows what a wonderful investment Big Tobacco became once the threat of ruinous class-action litigation was removed. That era began with a grand settlement with 46 US states in 1998 and was later cemented by various rulings that limited punitive damages. ...
Dangerous business: what to do if a product you use has been recalled image
Source : Guardian [Read Article] Wednesday 11th of January 2017 11:42:14 AM
....You can also contact other agencies responsible as MSAs for the relevant area – such as Trading Standards, Electrical Safety First or the relevant local authority (in respect of alleged food poisoning), which can investigate. Failure to provide warnings or confirmation of ingredients that give rise to injury can give rise to a claim for damages. ...
Cash car image
Source : BBC [Read Article] Tuesday 10th of January 2017 12:21:21 AM
....EasyCar believes telematics boxes could help track how renters have used - or abused - the car and act as a sort of onboard policeman. And what if the renter crashes or damages your car?. ...
Snapchat accused of lying about user numbers to inflate value of IPO image
Source : Guardian [Read Article] Thursday 5th of January 2017 09:01:08 PM
.... He claims the company ran a “smear campaign” against him, portraying him as “incompetent”. He is seeking damages and an injunction against the company over this claim, as well as lost wages, “harm to his professional reputation” and punitive damages based on Snapchat’s “misconduct”. ...
Inheritance tax is toxic. We need new ways to tackle inequality | Polly Toynbee image
.... This unearned, unmerited, untaxed wealth needs to be captured in one way or another, at some time in people’s lives or deaths. That soaring bricks-and-mortar wealth damages the economy and still fails to encourage more homes to be built. ...
Alibaba cracks down on counterfeiters on their platform image
Source : BBC [Read Article] Thursday 5th of January 2017 01:16:26 AM
....The lawsuit against two unnamed vendors claims 1. 4 million yuan ($201,671, £163,419) in damages, the company said. ...
Lost billions image
Source : BBC [Read Article] Sunday 1st of January 2017 04:13:54 AM
....Arguably, the most significant change in redress for consumers may result from the 2015 Consumer Rights Act. UK consumers may be included automatically in a legal claim for damages in a US-style class action and so receive automatic compensation if the case succeeds. ...
The Guardian view on trade unions: needed as much as ever | Editorial image
Source : Guardian [Read Article] Monday 19th of December 2016 06:42:05 PM
.... The point of this unnecessary row is that in some quarters, although it would seem not in Downing Street, there is still an appetite for more union-bashing laws. Some backbenchers hanker after the ultimate objective of the anti-union right since the Trade Disputes Act of 1906 reversed the Taff Vale judgment, removing trade union immunity from damages – thus effectively making industrial action impossible. ...
Christine Lagarde: IMF chief convicted over payout image
Source : BBC [Read Article] Monday 19th of December 2016 02:29:35 PM
....Last year, after eight more years of legal wrangling, a French court ruled that Mr Tapie had not been entitled to compensation and should repay the €404m. In its verdict, the CJR said Ms Lagarde should have asked her aides and others for more information about the "shocking arbitration award" that included damages of €45m. ...
Sky investors should think in the long term and reject Murdoch's deal image
Source : Guardian [Read Article] Thursday 15th of December 2016 07:45:24 PM
.... But Gilbert was clear on why “the early exit culture infecting today’s market” should be resisted: by focusing on quality, long-termism leads to better outcomes. Great stuff, and an accurate summary of why the cut-and-run approach to managing money damages prosperity. ...
IMF chief Christine Lagarde in negligence trial in France image
Source : BBC [Read Article] Monday 12th of December 2016 01:24:59 PM
.... Finance Minister Christine Lagarde intervenes in Tapie case to order binding arbitration. 2008: Special judicial panel rules Mr Tapie should receive damages of €404m; Ms Lagarde decides not to challenge ruling. ...
Ed Miliband joins call for soft Brexit as conflict in Labour grows image
Source : Guardian [Read Article] Saturday 10th of December 2016 08:47:34 PM
.... All three represent cosmopolitan constituencies that voted overwhelmingly for Remain: West and Siddiq’s two London constituencies both voted 75% in favour of staying in the EU, while the figure in Cambridge was 74%. Miliband cited an opinion poll by YouGov for Open Britain, released on Sunday, as evidence that the British people will not accept a Brexit deal that damages the economy and their own finances. ...
Volkswagen emissions: UK and six other nations face legal action image
Source : BBC [Read Article] Thursday 8th of December 2016 11:38:37 AM
....2bn ($9. 1bn; £7bn) in damages claims from 1,400 German investors over its emissions scandal, a state court has said. ...
Pfizer fined record £84.2m for overcharging NHS image
Source : BBC [Read Article] Wednesday 7th of December 2016 07:20:15 AM
....The firms have between 30 days and four months to reduce the price to a level acceptable to the CMA, and two months to appeal against the CMA decision to the Competition Tribunal. The fine will go to the Treasury rather than the NHS directly, although the health service could try to seek damages. ...
Samsung triumphs over Apple in US Supreme Court patent row image
Source : BBC [Read Article] Tuesday 6th of December 2016 05:14:56 PM
....Samsung had been seeking to pare back the money it paid Apple in December following a 2012 jury verdict that it infringed Apple's iPhone patents and copied its distinctive appearance. After the trial, Apple was awarded nearly $930m in damages. ...
German nuclear firms 'can claim compensation over shutdown' image
Source : BBC [Read Article] Tuesday 6th of December 2016 01:09:40 PM
....The judges did not specify the amount of compensation, but German media reports said the plaintiffs - Eon, RWE and Vattenfall - had demanded some 20bn euros ($21bn; £16. 85m) in damages. ...
London mayor urged to act over tower that 'compromises' St Paul's view image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 02:45:28 PM
....Sadiq Khan is being urged to halt the construction of a skyscraper because it mars a centuries-old view of St Paul’s Cathedral. Conservationists are calling on the London mayor to take action against a 42-storey tower in Stratford, east London, which they say damages the view of Sir Christopher Wren’s landmark from King Henry’s Mound in Richmond Park. ...
McDonald's sues Florence for 18m euros for blocking restaurant image
Source : BBC [Read Article] Tuesday 8th of November 2016 01:47:31 PM
....The decision was upheld in July by a technical panel in charge of preserving the city's ancient heart. But McDonald's, which modified its proposals to fit with city guidelines, has now launched a bid for damages. ...
McDonald's claims $20m from Florence over piazza restaurant rebuff image
Source : Guardian [Read Article] Monday 7th of November 2016 07:57:30 PM
....8m ($19. 65m) in damages after the city rejected an application to open an outlet in the historic Piazza del Duomo, one of the most visited places in Europe. ...
Volkswagen inquiry widens to include former finance chief image
Source : Guardian [Read Article] Sunday 6th of November 2016 05:58:36 PM
....Several VW investors have taken legal action to claim compensation for the losses they have made as a result of the emissions scandal. The regional court in Braunschweig has collected 1,400 complaints, pointing to a damages total of about €8bn. ...
Bonfire night: Stay safe and avoid costly damages to your home image
Source : Daily Express [Read Article] Wednesday 2nd of November 2016 07:47:00 AM
...
Related to :
Tesco hit with £100m damages claim image
Source : BBC [Read Article] Monday 31st of October 2016 03:05:50 PM
. Supermarket chain Tesco is facing a damages claim for more than £100m from investors who say they lost money because of accounting irregularities by the company. ...
Harry Shearer sues Vivendi over Spinal Tap profits image
Source : BBC [Read Article] Tuesday 18th of October 2016 09:20:13 AM
....Shearer alleges that Vivendi, which acquired the film in 1989, engaged in fraud to hide revenues. The Simpsons actor is seeking $125m (£102m) in compensatory and punitive damages. ...
Older leaseholders who fought for right to manage their block – and won image
Source : Guardian [Read Article] Saturday 15th of October 2016 06:00:07 AM
....Peverel went into administration in 2011 when a bank loan was called in shortly after Vincent Tchenguiz and his brother Robert were arrested by the Serious Fraud Office. However, the investigation was subsequently dropped and the brothers received millions of pounds in damages and an apology. ...
Basic flood protection 'missing in high risk areas' image
Source : BBC [Read Article] Tuesday 11th of October 2016 12:04:49 AM
....The report's main author, Sir Peter Bonfield, points the finger at householders for failing to improve their homes after flooding. He says: "The typical range of [flood-proofing] measures have a cost-benefit ratio in excess of £5 for every £1 invested in terms of reduced damages. ...
Shale gas ship bound for Grangemouth halted by strong winds image
Source : BBC [Read Article] Monday 26th of September 2016 11:15:58 PM
....But many politicians and environmental groups have criticised the shipment. They claim the process of injecting Water, sand and chemicals into the rock at high pressure damages the environment. ...
Spain Bankia fraud trial for ex-IMF boss Rodrigo Rato image
Source : BBC [Read Article] Monday 26th of September 2016 11:06:57 AM
....In a separate case last year, he was acquitted by a French court of the charge of "aggravated pimping" in connection with sex parties involving prostitutes. Mr Strauss-Kahn's successor at the IMF, Christine Lagarde, is to go on trial in France in December over a state award of €285m in damages to tycoon Bernard Tapie when she was finance minister. ...
Court slashes damages to be paid by ex-trader Kerviel image
Source : BBC [Read Article] Friday 23rd of September 2016 12:38:09 PM
. A French appeals court has slashed the amount of damages due to be paid by rogue trader Jerome Kerviel to €1m ($1. ...
VW hit by flood of new lawsuits in emissions scandal image
Source : BBC [Read Article] Wednesday 21st of September 2016 10:44:25 AM
....2bn ($9. 1bn; £7bn) in damages claims from 1,400 German investors over its emissions scandal, a state court has said. ...
When Airbnb rentals turn into nuisance neighbours image
Source : Guardian [Read Article] Saturday 17th of September 2016 06:00:41 AM
.... You are required to complete a property information form disclosing any disputes or complaints about the properties or properties nearby. If you have been in a dispute about an Airbnb letting and you do not inform the buyer, you could be liable in court for misrepresentation and potentially be asked to pay damages to the buyer. ...
Mastercard faces £14bn card fee claim image
Source : BBC [Read Article] Thursday 8th of September 2016 11:48:28 AM
. A £14bn legal claim has been filed against Mastercard on behalf of UK consumers seeking damages for anti-competitive card fees. ...
Canada's economy takes largest hit since 2009 image
Source : BBC [Read Article] Wednesday 31st of August 2016 03:48:30 PM
....The fire burned 2,300 sq miles (5,957 sq km) of land and caused nearly $6bn ($4. 5bn) in damages. ...

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