Upmanyu Trivedi

London

Journalist. Courts, bankruptcies, economy, law, et al. for @business @bloomberg. [email protected] I Retweets aren't endorsement and views are mine

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Articles

Google Faces UK Class Action From Businesses Over Online Search Dominance

1 week ago | claimsjournal.com | Upmanyu Trivedi

Alphabet Inc.’s Google has been hit by a fresh class action lawsuit in the U.K. alleging that the U.S. tech giant abused its “near-total dominance” in online search to overcharge hundreds of thousands of firms for digital ads. Google owes money to all U.K. based firms that used its advertising services after 2011 as it drove up their cost by shutting out competition and prioritizing its own offering, according to the lawsuit filed at the Competition Appeal Tribunal.
Google enfrenta processo de £ 5 bi no Reino Unido por suposto domínio em buscas

1 week ago | bloomberglinea.com.br | Upmanyu Trivedi

Bloomberg — O Google, da Alphabet, foi atingido por uma nova ação coletiva no Reino Unido, alegando que o gigante da tecnologia dos EUA abusou de seu “domínio quase total” na busca online para cobrar a mais de centenas de milhares de empresas por anúncios digitais.
Google Hit by UK Class Action Suit Over Online Ad Dominance (1)

1 week ago | news.bloombergtax.com | Upmanyu Trivedi

Alphabet Inc.’s Google has been hit by a fresh class action lawsuit in the UK alleging that the US tech giant abused its “near-total dominance” in online search to overcharge hundreds of thousands of firms for digital ads. Google owes money to all UK based firms that used its advertising services after 2011 as it drove up their cost by shutting out competition and prioritizing its own offering, according to the lawsuit filed at the Competition Appeal Tribunal.
Google Faces UK Class Action From Businesses Over Online Search Dominance

1 week ago | bloomberg.com | Upmanyu Trivedi

The Google Chrome logo on a smartphone. (Bloomberg) -- Alphabet Inc.’s Google has been hit by a fresh class action lawsuit in the UK alleging that the US tech giant abused its “near-total dominance” in online search to overcharge hundreds of thousands of firms for digital ads.
Google Hit by UK Class Action Suit Over Online Ad Dominance

1 week ago | news.bloomberglaw.com | Upmanyu Trivedi

Alphabet Inc.’s Google has been hit by a fresh class action lawsuit in the UK alleging that the US tech giant abused its “near-total dominance” in online search to overcharge hundreds of thousands of firms for digital ads. Google owes money to all UK based firms that used its advertising services after 2011 as it drove up their cost by shutting out competition and prioritizing its own offering, according to the lawsuit filed at the Competition Appeal Tribunal.
Barclays Sues Ex-Banker Over £3.5 Million in Retirement Payments

1 week ago | bloomberg.com | Upmanyu Trivedi

A Barclays Plc bank branch in Enfield, UK. (Bloomberg) -- Barclays Plc is seeking to block more than £3.5 million ($4.6 million) in deferred payments to a former senior banker after he retired from the lender and then took up a job at a hedge fund. Kamal Sandhu and Barclays traded London lawsuits in a legal spat that started after he joined US hedge fund Point72 Asset Management.
Ex-Russian Governor Found Guilty of UK Sanctions Violation

2 weeks ago | bloomberg.com | Upmanyu Trivedi

Dmitrii Ovsiannikov arrives at court in London, on April 7. (Bloomberg) -- A sanctioned ex-Russian governor of a city in Crimea was found guilty of flouting the financial restrictions by a London jury, becoming the first person criminally convicted for breaching the UK’s Russia sanctions regime. A jury found Dmitrii Ovsiannikov, the Governor of Sevastopol between 2016 and 2019 guilty on Wednesday, according to the National Crime Agency. He stood trial along with is wife and brother.
Ex-Janus Henderson Analyst Denies WFH Insider Trading at Trial

2 weeks ago | bloomberg.com | Upmanyu Trivedi

Redinel Korfuzi arrives at court in London in February. (Bloomberg) -- An ex-Janus Henderson Group Plc analyst denied having anything to do with the bets that made £1 million in profits at the heart of allegations that he ran an insider trading ring during Covid-19 lockdowns. Redinel Korfuzi is on trial for conspiracy to insider trade and handle criminal property along with his sister, Oerta Korfuzi and his personal trainer.
Centerbridge Sues to Terminate Oaktree Bank Deal on Mafia Loans

3 weeks ago | bloomberg.com | Antonio Vanuzzo |Sonia Sirletti |Luca Casiraghi |Upmanyu Trivedi

Centerbridge Partners LP is seeking to terminate a deal to buy an Italian lender from Oaktree Capital Management LP signed shortly before the bank plunged into a crisis over allegations it lent to companies associated with the mafia. Red UK Holdco Ltd., an entity affiliated with Centerbridge, asked a London judge to declare it’s entitled to terminate the agreement to buy Oaktree’s Banca Progetto SpA “with immediate effect,” according to court documents dated March 5.
Starmer’s Tax on Private Schools Challenged in Court by Parents

3 weeks ago | news.bloomberglaw.com | Upmanyu Trivedi

UK Prime Minister Keir Starmer’s move to tax private school fees was described as an unprecedented crackdown that breaches the country’s human rights obligations, in the first substantial court challenge to the plan. The high court in London started a three-day hearing on the legality of imposing the 20% value added tax on independent schools, a move that the government expects will raise as much as £1.5 billion ($1.9 billion) in the coming financial year.