Articles by Kirstin Ridley

Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal

A former Swiss Re underwriter, who last year won a sex and maternity discrimination and unfair dismissal case, is seeking 5.1 million pounds ($6.3 million) in compensation and told a London court she wants to retrain as a Baptist pastor. …

Group of Institutional Investors Back Lawsuit Against Shell’s Board Over Climate Risk

A group of European institutional investors is backing a novel London lawsuit against energy giant Shell’s board over alleged climate mismanagement in a case that could have far-reaching implications for how companies tackle emissions. ClientEarth, an environmental law charity turned …

Dubai Aerospace Sues 11 Insurers, Including Lloyd’s, AIG, Chubb, for Jets Stuck in Russia

Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd’s of London, AIG, Chubb and Swiss Re, two months after it wrote off almost $600 million for 19 aircraft stuck in Russia. The …

Ex-Barclays Banker Hikes Claim for Damages Over Sexism, Working Hours to $4.6M

A former Barclays banker has raised a claim for damages against the bank over sexism and a failure to adjust her working hours to about 4 million pounds ($4.6 million) from 560,000 pounds, a court document seen by Reuters on …

Insurers Win Key Parts of Stonegate COVID-19 Business Interruption Case: MS Amlin

Insurers have won key parts of a complex legal battle with British pubs group Stonegate, MS Amlin said after Monday’s judgment on the 1 billion pound ($1.13 billion) lawsuit against three top insurers over losses related to coronavirus. Insurers have …

Dutch Airline KLM Sued by Environmental Groups Over Alleged ‘Greenwashing’ Ads

Environmental groups are suing the Dutch subsidiary of Air France-KLM over an advertising campaign they allege breaches European consumer law by misleading the public over how sustainable its flights are. Dutch campaigners Fossielvrij NL, supported by environmental law charity ClientEarth …

UK Pubs Group Sues Zurich, Liberty Mutual, MS Amlin for $1.2B Over COVID BI Losses

Britain’s biggest pubs group Stonegate, which is suing Zurich Insurance and two peers for 1 billion pounds ($1.2 billion) over lockdown losses, battled the COVID-19 pandemic “day by day, venue by venue,” a London trial heard on Monday. Ben Lynch, …

Mining Company Glencore to Pay Up to $1.5B to Settle U.S., UK, Brazil Bribery Probes

Glencore Plc said on Tuesday it anticipates paying up to $1.5 billion to settle accusations of bribery and market manipulation, as authorities in the United States, Britain and Brazil announced that three of the company’s subsidiaries were pleading guilty to …

KPMG Faces $18 Million Fine for Misleading British Regulator

KPMG faces a 14.4 million pound ($17.6 million) fine after admitting it misled regulators during spot checks on audits of construction group Carillion and software firm Regenersis. The Financial Reporting Council (FRC), the British auditing regulator, told a London tribunal …

Major European Power Cable Suppliers Face UK Class Action Over Alleged Cartel

Major European power cable suppliers face a London class action that is seeking hundreds of millions of pounds in damages over allegations that a cartel led to inflated electricity charges for at least 30 million consumers in Britain. The proposed …