Tuesday 29 July 2014
 
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Lawsuit

Batelco wins $211m from Indian partner

A British court has ruled in Batelco's favour, ordering the Bahraini telecom operator's former Indian partner to pay it $211.1 million for failing to fulfil a previous agreement, a statement to Manama's bourse said on Monday.

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US finalising lawsuit against Citigroup

The US Justice Department is finalising a lawsuit against Citigroup over the bank's sale of residential mortgage-backed securities after negotiations to resolve the matter broke down. Two people with direct knowledge of the ma

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Malaysian Airlines, Boeing face lawsuit in US

Malaysian Airlines and Boeing Co are facing a potential lawsuit over the Beijing-bound flight that disappeared more than two weeks ago with 239 people on board, according to a law firm representing passengers' families. A peti

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Vodafone hit with $343m lawsuit in Greece

Vodafone has been served with a 250 million euro ($343.26 million) lawsuit for allegedly breaching its contracts and causing harm to a Greek retail partner, the Financial Times reported late on Sunday. The FT, citing claims it had

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HSBC revenues sag, may face $1.6bn US lawsuit hit

HSBC posted lower than expected earnings on Monday and said it might have to pay $1.6 billion in damages over a US lawsuit, reviving concerns over legacy issues and growth prospects at Europe's biggest bank. Its shares fell mo

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Zain wins appeal in Kuwait lawsuit

  Kuwaiti telecom operator Zain said it had won an appeal against a discrimination lawsuit filed by a member of the country's ruling family, according to a statement on the stock exchange.

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Zain wins appeal in lawsuit over board

  Kuwaiti telecom operator Zain said it had won an appeal against a discrimination lawsuit filed by a member of the country's ruling family, according to a statement on the stock exchange on Thu

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Subway sued over 11-inch 'Footlongs'

  An Australian teenager's picture of a Subway "Footlong" sandwich next to a tape measure has gone viral and inspired three lawsuits in the United States.   The lawsuits, one filed in

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Dubai Group settles $10bn debt deal suit

Dubai Group, a struggling unit of the ruler of Dubai's personal investment firm, has settled with banks who brought legal action against it to secure repayment of their share of $10 billion of debt, raising hopes a wider restructuring can no

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ADCB settles lawsuit against Dubai CP firm

Abu Dhabi Commercial Bank (ADCB) has settled a $107.13-million legal claim it filed against indebted Zabeel Investments, which is owned by the crown price of Dubai, two sources said. ADCB sued last month saying Zabeel, which has h

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