Electronics company Casio has been fined £3.7 million for illegally preventing price discounts on its pianos. The Competition and Markets Authority (CMA) issued a Statement of Objections against Casio Electronics in April 2019. Casio had been telling retailers to sell its digital pianos at or above a certain price. It used software to monitor their
The computer software company McAfee has been granted an interim injunction requiring a retailer to continue to promote its product. A contract between McAfee and DSG Retail stated that the retailer would promote only the computer company’s security software in its stores unless it was incompatible with a device, in which case an alternative option
A recruitment company has successfully appealed against a decision to allow one of its former employees to join a competitor as a shareholder. Egon Zehnder moved to prevent its former employee Ms Tillman from joining a rival firm. In her contract there had been a post-termination non-competition covenant. It stated that the employee should not
An insurance company has been granted a disclosure order allowing it to access recordings of phone calls made to two other firms in an alleged customer poaching case. The case involved D&G, which provides protection for customers after a product manufacturer’s warranty has expired. It became aware that two firms had been cold calling its
A dental practice has won a long running contract dispute with the NHS that went all the way to the Court of Appeal. The practice had a General Dental Services Contract with the NHS, which stated that no variation could take effect unless it was in writing and signed by or on behalf of the
Standard Life Assurance Limited has been fined £30million for failing to give its customers all the required information when selling annuities. An annuity is a type of retirement income product that can be purchased with some or all of an individual’s pension pot. It is a complex financial product, and the law states that companies
A High Court ruling has enabled a company to remove a director who had become estranged from the business following a dispute over alleged breach of duties. The company had two members and four directors. Three of the directors, including the majority shareholder, believed that the fourth director, Mr Christopher Stephen Jones, who was the
The Competition and Markets Authority has provisionally found that four pharmaceutical companies broke the law by agreeing not to compete in the supply of an anti-nausea drug in the UK. It alleges that, between 2013 and 2018, Alliance, Focus, Lexon and Medreich agreed not to compete for the supply of Prochlorperazine tablets to the NHS.
A company has been compensated for a breach of warranty after it bought an insurance firm. The case involved a firm that sold policies related to motor or household insurance. When it was sold in 2014, the seller provided warranties that the company accounts were accurate and a fair representation of the company’s financial situation.
A brokerage firm has lost its appeal to reduce a penalty it received after it was found to have breached market abuse laws. Linear Investments Ltd was fined £409,300 after it failed to act responsibly and effectively in detecting and reporting the abuses. It had a responsibility to conduct its own post-trade surveillance, which it