Following lengthy litigation, Electronic Data Systems (EDS) – a subsidiary of Hewlett Packard Co. – has agreed to pay British Sky Broadcasting (BSkyB) a total of £318 million as part of a settlement deal. The lawsuit relates to a £48 million contract between the two companies issued around ten years ago, relating to the building …
Businesses nowadays are facing a rising risk of being sued, or conversely, needing to take legal action themselves. You can’t fight a legal dispute or pursue a lawsuit without some funding available to cover the often astronomical litigation costs, so what options are available? Professional insurance with commercial legal expenses cover is the solution, one …
Professional services firm Ernst & Young have been fined £500,000 and reprimanded by the joint disciplinary tribunal (JDT) over their role in the near collapse of insurance company Equitable Life ten years ago. Ernst & Young, the former auditors of Equitable Life, paid the fine imposed by the policing body for the accountancy industry, along …
A class action lawsuit has been filed against one of the largest banks in the US, Bank of America, by more than a dozen employees. Filed on Friday 4th June, the lawsuit alleges that the bank failed to pay overtime to employees in a number of states including Washington, Kansas, Texas, Florida and California. The …
At 4:36pm on Saturday 5th June we successfully completed the national 3 peaks challenge in 23 hours 46 mins, leaving only 14 minutes to spare! Starting at 4:50pm on Friday we started climbing Ben Nevis in the late afternoon heat. 3 hours later we were standing in snow on the summit taking our first team …
Now into its sixth week, BP are poised to try another method for containing the huge oil leak off the Gulf of Mexico. Whilst the company’s engineers tackle that, BP’s professional indemnity team are fending off legal action from all sides as the US Congress debates the amount in damages they will have to pay. …
Taking out professional indemnity insurance or any other policy is not always entirely straightforward, as each business will need cover that tailors specifically to their needs. To achieve this level of personalisation, it can be well worth your while as a future policy holder to do a little research beforehand. The following explanations – some …
In today’s ‘compensation culture’, employers are vulnerable to a number of complaints and lawsuits launched by their workers. An expensive and reputation-damaging legal dispute may not even arise as a result of your actions as an employer, but you may still be held responsible. Key examples of this sort of complaint are bullying, harassment and …
Of all types of business currently taking out professional indemnity (PI) insurance, IT consultants and contractors are possibly the most likely to need cover. This is because the IT industry is particularly complex and precarious when it comes to making mistakes. The most common issues IT consultants and contractors are sued over include: • Software/hardware/systems …