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Latest News
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Hollywood veteran Woody Allen in $68m legal claim against Amazon
Woody Allen, a Hollywood veteran whose career encompasses acting, directing, writing and comedy, is taking legal action against internet giant Amazon after the controversial director’s latest film, ‘A Rainy Day in New York’, was shelved following the emergence of new abuse allegations. The film, a romantic comedy starring Selena Gomez and Jude Law, was finished in 2017 but the re-emergence of sex-abuse allegations in the wake of the #me too movement has resulted in Amazon being unwilling to authorise its release, apparently indefinitely. The most recent abuse claims by Allen’s daughter Dylan Farrow have been strongly denied by the ‘Annie Hall’ star. Official investigation into the claims has also resulted in a lack of evidence, and consequently no action has been taken against. Alleging that Amazon Studios has broken a four-film contract originally signed in 2016, Allen is now seeking $68m in... Read More
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Property developer Shaftesbury in major shareholder dispute
Samuel Tak Lee, the single largest shareholder of London based and FTSE 250 listed property developer Shaftesbury, is ramping up his dispute with the Shaftesbury board, making it clear his intention to vote against its directors at their forthcoming AGM. Mr Lee, who has a 26% shareholding in the successful property development company, has gone on record in indicating that he will vote against any resolutions that would result in the issue of new shares as he believes that previous fundraising has damaged shareholder value. Mr Lee, a Hong Kong billionaire property mogul and landlord now based in London, has amassed a large property empire including the 14 acre Langham Estate in London’s exclusive Fitzrovia. He has also indicated that he will also vote against the reappointment of Shaftesbury’s Chairman, CEO & CFO and oppose director pay packages. Shaftesbury, which owns large numbers... Read More
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Australian litigation funder LCM now active in UK
Having de-listed from the Australian Stock Exchange and joined AIM last month, Australian litigation funder Litigation Capital Management Limited (LCM) is a new name in the UK’s burgeoning third party litigation funding market. The move has seen LCM raise £20m from the AIM listing, resulting in a market capitalisation on admission of circa £56m. LCM’s new London office has been established based on a six-strong team from Chancery Capital, led by well-respected litigation funding expert Nick Rowles-Davies. Rowles-Davis confirmed that their focus will remain on developing direct ‘funder to client’ relationships, rather than the usual litigation funding model of only dealing via solicitors and law firms. Commenting on Litigation Futures, Rowles-Davis said: We don’t just sit there waiting for lawyers to come to us,” he said. “It puts us in different position in chain – we’re not just service providers…it leads to a... Read More
