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Case argues that the law firm's 'negligence' has led to a loss of around £7,000 per West Ham home game for the stadium owners

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Magic Circle law firm Allen & Overy has been hit with a £12m claim from its former clients for alleged negligence on its work on the leasing of the London stadium to West Ham United Football Club.

Allen & Overy’s poor work on the 2013 the concession agreement — which governs the club's 99-year lease of the ground — risks a loss of £6,926 for every West Ham home game, according to the claim from the stadium’s owners E20 Stadium and London Legacy Development Corporation (LLDC).

West Ham stadium owners sue Allen & Overy for £12m

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The pact imposes a baseline tariff of 15% on the U.S.’s biggest trading partner.

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The lender forecast total income excluding notable items to exceed $21.61 billion as loan growth and structural hedges continue to mitigate the impact of interest-rate cuts.

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The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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U.S. stock futures pointed to a flat open after a mixed session on Wall Street Monday, while international equity markets were also mixed so far Tuesday as earnings season sweeps into full gear.

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The lender reported a sharp decline in net profit due to a one-off hit related to the sale of its Brazilian subsidiary and an increase in loan loss allowances.

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Julius Baer’s Net Profit Falls on Higher Loan Provisions, Brazil Unit Sale

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The biopharmaceutical company said the investment includes plans for a new manufacturing center focused on chronic diseases.

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The European Union still wants a deal, but with U.S. demands growing, the bloc is getting ready to push back.

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