Topic filter : Legal Cost

Most trending topics in Business & Finance ( last 24 hours ):
Losing Business Samsung Galaxy Samsung Asda High Street Pound Poundland Low-cost UK Business British Business Negotiation EE Brexit World Cup Sponsorship Sponsor Insurance Mortgage Bank Of England Credit Card Blunder Wall Street Dollar Tenant JP Morgan Shareholder Investor FTSE 100 Underperform Morrisons Merrill Lynch Bank Of America Loss Pre-tax Loss Employment Fraud Security Flaw Economy Ryanair Convenience Store Wholesale

Socially Most Trending News

.... All our money has gone into refurbishing this place and getting it open and we don’t have the same money as they have. We were told we might have to incur their legal costs so we were panic-stricken. ... [Read full article on Guardian ]
Sunday 26th of March 2017 04:42:58 PM
Total Trend count
61
Most trending on :
59 2
.... Risks from Britain’s commercial property sector have also been reduced after a fall in prices, the FPC said. The Bank’s stress tests on seven leading lenders this year will for the first time include an exploratory scenario that will examine banks’ resilience over seven years of weak global growth, low interest rates and high legal costs and fines for misconduct, and look at the viability of their business models. ... [Read full article on Guardian ]
Monday 27th of March 2017 09:26:41 AM
Total Trend count
49
Most trending on :
46 2 1
....The supermarket group has separately agreed with the FCA to pay about £85m in compensation to investors affected by a trading statement on 29 August 2014 that overstated profits. Tesco will also pay legal costs associated with the agreements and said the total exceptional charge was expected to be £235m. ... [Read full article on Guardian ]
Tuesday 28th of March 2017 07:16:54 AM
Total Trend count
39
Most trending on :
36 3

Latest Finance News related to Legal Cost

Tesco to pay £129m fine over accounting scandal image
Source : Guardian [Read Article] Tuesday 28th of March 2017 07:16:54 AM
....The supermarket group has separately agreed with the FCA to pay about £85m in compensation to investors affected by a trading statement on 29 August 2014 that overstated profits. Tesco will also pay legal costs associated with the agreements and said the total exceptional charge was expected to be £235m. ...
UK banks asked to draw up plans to show they are prepared for Brexit image
Source : Guardian [Read Article] Monday 27th of March 2017 09:26:41 AM
.... Risks from Britain’s commercial property sector have also been reduced after a fall in prices, the FPC said. The Bank’s stress tests on seven leading lenders this year will for the first time include an exploratory scenario that will examine banks’ resilience over seven years of weak global growth, low interest rates and high legal costs and fines for misconduct, and look at the viability of their business models. ...
BrewDog accused of hypocrisy after forcing pub to change name image
Source : Guardian [Read Article] Sunday 26th of March 2017 04:42:58 PM
.... All our money has gone into refurbishing this place and getting it open and we don’t have the same money as they have. We were told we might have to incur their legal costs so we were panic-stricken. ...
Deutsche Bank cuts staff bonuses image
Source : BBC [Read Article] Monday 20th of March 2017 09:25:46 AM
....4bn euros (£1. 2bn) for 2016 after being hit by legal costs, although that was down from a loss of 6. ...
How a £1 million inheritance slipped from our family’s grasp image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
.... Warring parties typically claim there was “undue influence” placed on the deceased when he or she wrote a will, or that they did not have the right “mental capacity” at the time. In one case in 2012 involving sibling rivalry over a dead mother’s estate, the judge warned that the legal costs would take every penny of the £120,000 inheritance. ...
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. ...
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. ...
Royal Bank of Scotland losses more than treble to £7bn image
Source : BBC [Read Article] Friday 24th of February 2017 07:32:39 AM
....A big chunk of RBS's loss in 2016 - which was more than triple the previous year's loss of £2bn - was down to it setting aside £5. 9bn for fines and legal costs. ...
RBS reports £7bn loss and says it will not make profit until 2018 image
Source : Guardian [Read Article] Friday 24th of February 2017 07:27:28 AM
....The 2016 loss was caused by £10bn of one-off items, including £5. 9bn set aside for looming fines and legal costs, largely related to a forthcoming penalty from the US Department of Justice (DoJ) for mis-selling toxic bonds in the run-up to the financial crisis. ...
Southern commuters launch legal claim to force government's hand image
Source : Guardian [Read Article] Wednesday 1st of February 2017 12:04:51 PM
....”. The initial legal costs of £26,000 have been crowdfunded by passengers, who have suffered widespread cancellations and delays on Southern since it became part of Govia Thameslink Railway’s operation in 2015. ...
Gangmasters agree to pay more than £1m to settle modern slavery claim image
Source : Guardian [Read Article] Tuesday 20th of December 2016 10:00:00 AM
. A Kent-based gangmaster couple have agreed to a landmark settlement worth more than £1m in compensation and legal costs for a group of migrants who were trafficked to work on farms producing eggs for high street brands. ...
Australian court increases fine over 'misleading' Nurofen image
Source : BBC [Read Article] Friday 16th of December 2016 01:28:38 AM
...."The objective of any penalty in this case must be to ensure that Reckitt Benckiser and other 'would-be wrongdoers' think twice and decide not to act against the strong public interest," the court's justices said in a joint statement. The pharmaceutical giant was also ordered to pay the Australian Competition and Consumer Commission's (ACCC) legal costs. ...
RBS’s past sins are still shaping the bank’s future | Jill Treanor image
Source : Guardian [Read Article] Thursday 1st of December 2016 01:02:49 PM
....Crucially, it is still confessing its sins from the past. A key reason its health check went badly is that the Bank of England asked it to fess up about how much it might face in fines and legal costs in the year ahead. ...
Handcuffed in Waitrose: the innocent man in search of justice image
Source : Guardian [Read Article] Saturday 26th of November 2016 07:00:25 AM
....Thames Valley Police said that as it had received a complaint in relation to this investigation it would be inappropriate to comment further. Christopher Seddon’s treatment at the hands of both Waitrose and the police shows a gap in the law: a completely innocent person can be arrested and prosecuted and may not be entitled to any compensation, not even all of his legal costs, writes barrister Richard Colbey. ...
Crackdown on whiplash claims could knock £40 off car insurance bills image
Source : Guardian [Read Article] Thursday 17th of November 2016 12:01:33 AM
.... The insurance industry was therefore relieved to see the MoJ announce its consultation on tacking the “unacceptable” situation. Another key government proposal would curb excessive legal costs by effectively removing lawyers from the process in many cases. ...
The ground rent scandal that is engulfing new home buyers image
Source : Guardian [Read Article] Saturday 5th of November 2016 07:01:40 AM
....“We understood there was a law that requires the freeholder to sell the lease after two years if the leaseholder has been in occupation, and there are calculations for this cost. These gave us a figure of around £4,000, plus legal costs. ...
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
.... It took the residents eight months to gain the RTM, costing £9,000. The bulk of the bill was for legal costs – residents must pay the freeholder’s costs as well as their own, and there’s no legal obligation for the freeholder to use a competitively priced solicitor. ...

High Court ruling due on whether new Labour members can vote in leadership contest 
 image
....Peter Oldham QC, appearing for the party, argued that the NEC had "specific power" to impose a freeze as part of its role in issuing an election timetable. The Labour five have been crowdfunded and are seeking to raise £40,000 to cover their legal costs. ...

Home Office wastes £1.9m on ‘phantom’ deportations for failed asylum seekers
 image
....9 million for 3,543 legal claims including 50 compensation cases costing totalling almost a million pounds. The department had to pay out £420,000 in legal costs for a case where a spouse had been denied access to the UK and £320,000 for overturning a decision to exclude two people from Britain. ...
Deliveroo workers' contracts ban access to employment tribunals image
Source : Guardian [Read Article] Monday 25th of July 2016 06:00:30 AM
....”. While a further clause states that if they do take legal action they must “indemnify and keep indemnified Deliveroo against costs (including legal costs) and expenses that it incurs”. ...
Volkswagen hit by 2.2bn euros diesel emissions charge image
Source : BBC [Read Article] Wednesday 20th of July 2016 11:20:51 AM
....VW has already set aside €16. 2bn to pay for technical upgrades for cars that break clean air standards, buying back cars, and legal costs. ...
Ex-UBS trader Kweku Adoboli loses UK deportation appeal image
Source : BBC [Read Article] Wednesday 20th of July 2016 01:04:22 AM
.... . A crowdfunding page has been set up to help him raise £75,000 for legal costs. ...
Gordon Ramsay eyes first UK restaurants outside London image
Source : Guardian [Read Article] Monday 30th of May 2016 04:44:21 PM
....5m in the previous year to £1m. Kavalake remained in red after a £4m bill for legal costs relating to a fallout with Rowan Seibel, Ramsay’s business partner in the Fat Cow, a Los Angeles restaurant which closed in 2014. ...
Blacklisted workers win £10m payout from construction firms image
Source : Guardian [Read Article] Sunday 8th of May 2016 11:01:20 PM
....Unite said payouts under the latest settlement could range from £25,000 to £200,000 per claimant, depending on such factors as the loss of income and the seriousness of the defamation. The GMB union, which reached a settlement last month, said it believed the total value of compensation in the case was about £75m for 771 claimants, with legal costs on both sides estimated at £25m. ...
Barclays writes to PPI customers to apologise for failing to send statements image
....All have been sent apology letters explaining the error and offering to refund PPI premiums paid since the date of the first missing statement – as well as 8% interest – to those who cancelled their policy as a result. Related: UK's big four banks face £19bn in compensation, fines and legal costs. ...
City News: Hiscox, Premier Foods, Volkswagen and Chapel Down image
Source : Daily Express [Read Article] Friday 22nd of April 2016 10:48:00 PM
....The German car maker, which made a €12. 7billion profit the previous year, more than doubled provisions for legal costs, buying back vehicles and fixing cars that violate air pollution standards to ¤16. ...
Car insurance and the little-known world of credit hire companies image
Source : Guardian [Read Article] Monday 28th of March 2016 07:00:20 AM
.... It never crossed my mind that I would have to be the claimant. Now I’ve received a letter from their [Claimfast’s] lawyers asking me to sign a huge legal document and stating I may be liable for legal costs. ...
HMRC aims at mother of two while continuing 'soft' treatment of Google image
Source : Daily Express [Read Article] Sunday 28th of February 2016 11:57:00 AM
....The case is expected to be heard in the High Court in Birmingham in the summer and J, who is being assisted on a pro bono basis by Zenith Tax Solutions and her barristers, fears that she will be ruined if HMRC wins. Although she could cope with paying the £15,000 demanded by HMRC, the legal costs will be too much. ...
Bad debt hit HSBC's profit image
Source : Daily Express [Read Article] Tuesday 23rd of February 2016 07:12:00 AM
....”. HSBC said its poor fourth-quarter results reflected legal costs and the disposal of its Brazilian business, as well as restructuring costs. ...
Buyers to be hit with new landlord tax amid mortgage and conveyancing delays  image
Source : Daily Express [Read Article] Wednesday 17th of February 2016 03:53:00 PM
...."He added: "One thing borrowers could do to speed things along, is to get the legal side underway as soon at the mortgage application is in. "There’s a bit of risk if the purchase falls through from abortive legal costs, but it does mean the legals would be further down the line, than if you waited for the valuation report to come back or the offer to be issued. ...
EU on brink of RECESSION: Now French bank shares plummet 12 per cent in A DAY image
Source : Daily Express [Read Article] Thursday 11th of February 2016 05:26:00 PM
....Britain is feeling the impact as the FTSE 100 fell to its worst level in more than four years, dropping by nearly three per cent. Societe Generale, which also had to put aside £300million (€400m) to deal with prospective fines and legal costs yesterday, is the latest firm to suffer heavy sell-offs in the European banking sectorFrance and Germany's top stock markets were yesterday down by more than three and two per cent respectively. ...
Rangers gives Sports Direct formal notice to end joint venture image
Source : Guardian [Read Article] Thursday 4th of February 2016 11:51:44 PM
.... The statement came a day after the retailer dropped a high court attempt to prevent the disclosure of details behind the tie-up. “For the first time, a board of this club has stood up to the threats of Sports Direct and has achieved resounding success in court proceedings, including the substantial recovery of legal costs,” King said. ...
RBS takes £2.5bn hit to profits as chief executive announces bank 'clean-up' image
Source : Guardian [Read Article] Wednesday 27th of January 2016 07:50:01 AM
....There are also new provisions of £1. 5bn for legal costsin anticipation of US litigation over residential mortgage-backed securities (RMBS) – which date back to the 2008 financial crisis – taking the total set aside for this matter to £3. ...
Goldman Sachs profits dive on $3.4bn toxic mortgage bill image
Source : Telegraph [Read Article] Wednesday 20th of January 2016 02:49:47 PM
.... . Goldman Sachs' results contrast starkly with those of rivals including JP Morgan, Bank of America, Citi and Morgan Stanley, all of which saw major improvements in their profits as legal costs from 2014 faded away in 2015. ...
US banks beat forecasts image
Source : BBC [Read Article] Tuesday 19th of January 2016 02:01:08 PM
. Bank of America and Morgan Stanley have both reported stronger-than-expected fourth-quarter profits, boosted by lower legal costs. ...
Citi profits jump as legal costs fall image
Source : BBC [Read Article] Friday 15th of January 2016 03:03:07 PM
. US bank Citigroup has reported a jump in fourth quarter profits compared with a year earlier, helped by a big fall in legal costs. ...
Wall Street earnings off to a strong start as JP Morgan beats expectations image
Source : Telegraph [Read Article] Thursday 14th of January 2016 05:11:11 PM
. JP Morgan has kicked off Wall Street’s earnings season with a better-than-expected 10pc rise in quarterly profits, helped by lower legal costs and other savings in the business. ...
Revealed: how Google enlisted members of US Congress it bankrolled to fight $6bn EU antitrust case image
....Latest data shows ICOMP spent €400,000 on lobbying in Brussels between 2013-14. It does not disclose how much it spent on legal costs incurred in connection with the case against Google. ...
Royal Mail fined £40m in French price-fixing scandal image
Source : Telegraph [Read Article] Tuesday 15th of December 2015 12:50:52 PM
....” . Royal Mail set aside £46m to cover any potential fines including £6m for legal costs in its results for the year to the end of March 2015. ...
Volkswagen's European market share falls below 25% image
Source : Guardian [Read Article] Tuesday 15th of December 2015 09:22:54 AM
....Loss of European market share underlines VW’s problems after it admitted to one of the world’s biggest corporate scandals. It faces the prospect of paying tens of billions of pounds in fines and legal costs for rigging its cars to falsify tests for nitrogen oxides (NOx) emissions. ...
Bank of China faces daily fine in US image
Source : BBC [Read Article] Wednesday 2nd of December 2015 12:56:13 AM
....". The judge has also ordered the top-four Chinese lender to cover the retailers' legal costs. ...
Slater & Gordon loses half its stock value over proposed cuts to whiplash claims image
.... The chancellor said the government would consult on ending the right to cash compensation for minor whiplash injuries. He also outlined plans to slash the legal costs by directing personal injury claims of up to £5,000 to the small claims court. ...
Slater & Gordon shares tumble 50pc after George Osborne's clampdown on whiplash claims image
.... Chancellor George Osborne announced measures on Wednesday to tackle questionable whiplash claims, including removing the right to general damages for minor soft-tissue injuries from a car accident. He also plans to cut legal costs by transferring personal injury claims of as much as £5,000 to the small claims court. ...
European banks sitting on €1tn mountain of bad debt, survey finds image
Source : Guardian [Read Article] Tuesday 24th of November 2015 08:15:12 PM
....The regulator considered a number of reasons for the slow growth in profits. As well as bad debts, the EBA pointed to the cost inefficiencies and the cost of so-called conduct issues, such as fines, compensation and legal costs, which absorb almost 4% of banks’ operating income. ...
VW cuts spending as emissions scandal bites image
Source : Telegraph [Read Article] Friday 20th of November 2015 12:55:24 PM
.... Martin Winterkorn quit as VW boss because of the scandal  Photo: AP/Richard Drew. Analysts expect the scandal to cost VW more than €30bn (£21bn) in fines, legal costs, compensation and repair bills. ...
Barclays fined $150m over forex trading by New York regulator image
Source : Guardian [Read Article] Wednesday 18th of November 2015 06:03:08 PM
....The risk of ongoing fines for banks was raised by ratings agency Moody’s in a report this week that put Barclays, HSBC and Royal Bank of Scotland at high risk of further penalties. Moody’s calculated that 15 major banks had set aside £144bn to pay legal costs and settle fines and compensation since the onset of the 2008 banking crisis. ...
Paul Gambaccini: 'Sex allegations cost me £200,000 – but I wouldn’t sue the police' image
.... . I kept a running tab of my legal costs when it started, but they just kept going up, so I stopped. ...
Can we remortgage to pay off the equity loan on our home? image
Source : Guardian [Read Article] Thursday 5th of November 2015 07:00:03 AM
....The minimum you can pay is 5% of your home’s market value, so in your case, and again assuming it’s now worth £197,000, you could pay off £9,850 of the equity loan. You would also have to pay all the valuation and legal costs associated with repaying part of the loan. ...
HSBC could delay decision on whether to stay in London image
Source : Guardian [Read Article] Monday 2nd of November 2015 07:56:22 AM
. HSBC has warned it may delay until next a year its decision on whether to remain based in London, as it reported higher profits because of a fall in fines and legal costs. ...
City of London braced for major job losses at Deutsche Bank image
Source : Guardian [Read Article] Thursday 29th of October 2015 11:39:00 AM
....Heavy job losses are feared in the City of London after Deutsche Bank set out plans to boost its performance by axing 15,000 roles and selling off operations employing a further 20,000. The move comes as the new boss, John Cryan, conceded that Germany’s biggest bank would not pay a dividend for two years as it battled to restore its fortunes after being stung by legal costs and fines. ...
Emissions scandal pushes VW into loss image
Source : BBC [Read Article] Wednesday 28th of October 2015 08:25:37 AM
Deutsche Bank in radical restructure image
Source : BBC [Read Article] Sunday 18th of October 2015 09:16:56 PM
....2bn (£4. 5bn) for the third quarter on the back of writedowns and legal costs, which may force it to cut the dividend. ...
Police raid Volkswagen offices in emission scandal  image
Source : Telegraph [Read Article] Sunday 18th of October 2015 05:51:27 PM
.... . In addition to the costs of repairing so many vehicles, the once-respected automaker now faces billions of euros (dollars) in potential fines and legal costs, aside from the incalculable fallout from lost sales and diminished customer trust. ...
Goldman and Citi pummelled by bond market crunch image
Source : Telegraph [Read Article] Thursday 15th of October 2015 01:55:35 PM
.... But the bank’s profits jumped 51pc to $4. 3bn, largely because hefty legal costs incurred in 2014 were not repeated this year. ...
Bank of America in the black as it puts legal woes behind it image
Source : Telegraph [Read Article] Wednesday 14th of October 2015 01:43:16 PM
.... . The US's second largest bank was saddled with legal costs totalling $6bn last year, as it settled claims relating to toxic mortgages in the US. ...
Bank of America reports $4.1bn profit image
Source : BBC [Read Article] Wednesday 14th of October 2015 11:52:08 AM
.... and our trading results on behalf of clients remained fairly stable in challenging capital markets conditions," said Bank of America chief executive Brian Moynihan. The bank, which has paid more than $70bn in legal expenses since 2008, said its legal costs fell for the third quarter in a row, dropping to $231m from $6bn a year earlier. ...
JP Morgan profit misses expectations image
Source : BBC [Read Article] Tuesday 13th of October 2015 10:26:21 PM
....The bank also reported $1. 3bn in legal costs for the period. ...
Deutsche Bank warns of large loss image
Source : BBC [Read Article] Wednesday 7th of October 2015 11:13:10 PM
Diesel scandal will wipe out VW for at least two years image
Source : Telegraph [Read Article] Wednesday 7th of October 2015 01:12:46 PM
.... . UBS's experts are predicting the bill for legal costs, settlements with regulators, recalls to modify engines and vehicle buybacks will hit €35bn, while Societe Generale puts the cost at €32bn over two years. ...
'I'm buying my parents' house – if they sell it cheaply will it cut our tax bill?' image
.... • CALCULATOR: how stamp duty changes affect you . The parents might be able to deduct costs to reduce their gain, for example estate agents' fees, legal costs or the cost of improvement works. ...
John Leslie: 'I went from £350,000 a year to nothing overnight’ image
Source : Telegraph [Read Article] Sunday 4th of October 2015 06:03:52 AM
.... And I also started having to pay for lawyers and PR agencies, so any savings I had disappeared. I spend about £500,000 on legal costs but at least I wasn’t in jail. ...
Whiplash epidemic returns to be pain in motoring insurers’ necks image
Source : Guardian [Read Article] Saturday 3rd of October 2015 05:59:00 AM
....The stance is getting tougher. Townend adds: “The advent of Fundamental Dishonesty (where dishonest claimants may now have to pay the defendant’s legal costs) means that those who bring a spurious claim have some skin in the game. ...
Volkswagen staff 'acted criminally' image
Source : BBC [Read Article] Tuesday 29th of September 2015 08:41:44 PM
....Car emissions tests - fit for purpose?. Mr Lies said the company had no idea of the total bill to sort out the engines and cover any legal costs arising: "Huge damage has been done because millions of people have lost their faith in VW. ...
Long and complex road to winding down Lehman Brothers’ estate image
Source : Telegraph [Read Article] Saturday 12th of September 2015 01:15:40 PM
.... Even his fearsome patience over this record-breaking insolvency could be tested by the prospect of court cases stretching out into the future. But he is more concerned by the legal costs incurred by the cases which have already drained a substantial sum from the pot available to give to creditors. ...
'I fell out with my parents 33 years ago and they left me nothing. Can I fight the will?' image
.... The Court has a very broad discretion and bringing a claim such as the one you suggest is inherently uncertain. You could spend substantial sums on legal costs without achieving a positive result. ...

Page rendered in 1.7215 seconds.