Legal 3 February 2026 - 5 March 2026

UK FCA Car Finance Compensation Plan Due March 30 as Banks Ready Legal Challenges
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UK FCA Car Finance Compensation Plan Due March 30 as Banks Ready Legal Challenges

Britain’s Financial Conduct Authority will announce its motor finance redress plan after markets close on March 30, covering up to 14.2 million car loan agreements from 2007 to 2024. The scheme could cost firms about 11 billion pounds, with average payouts of 700 pounds per agreement. Banks and claims companies are preparing legal challenges as lenders build provisions.
March 26, 2026
Moderna’s $2.25 billion patent settlement clears a major cloud over its COVID vaccine tech
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Moderna’s $2.25 billion patent settlement clears a major cloud over its COVID vaccine tech

Moderna will pay $950 million to Arbutus Biopharma and Genevant Sciences in the third quarter of 2026 to settle mRNA vaccine patent litigation, with no future royalties owed. The deal, reached before a Delaware jury trial, includes a court judgment of infringement and a non-exclusive license for lipid nanoparticle technology. Moderna’s stock jumped after the news. An additional $1.3 billion could be owed, depending on an ongoing appeal.
March 5, 2026
Apple stock slips on West Virginia iCloud lawsuit as PCE inflation report looms
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Apple stock slips on West Virginia iCloud lawsuit as PCE inflation report looms

Apple shares fell 1.5% to $260.58 in after-hours trading after West Virginia sued the company, alleging iCloud enables distribution of child sexual abuse material. The state argued Apple cannot claim to be a passive conduit. Apple said it is innovating to protect children. The company also announced a deal with EverPass Media to stream Apple TV’s live sports in bars and hotels.
February 20, 2026
Apple stock price today: AAPL slips after West Virginia iCloud lawsuit as traders size up what’s next
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Apple stock price today: AAPL slips after West Virginia iCloud lawsuit as traders size up what’s next

Apple shares fell 0.4% to $263.32 after West Virginia sued the company over handling of child sexual abuse material on iCloud. The lawsuit comes as a Berkshire Hathaway filing showed it held about 228 million Apple shares at the end of 2025. Investors are watching Friday’s PCE inflation data and Apple’s Feb. 24 annual shareholder meeting.
February 19, 2026
Qualcomm stock rises as UK consumer group drops £480 million chip-royalty lawsuit
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Qualcomm stock rises as UK consumer group drops £480 million chip-royalty lawsuit

Qualcomm shares rose 1.7% to $143.08 after the company said a £480 million UK consumer lawsuit over smartphone royalties will be withdrawn. The claim accused Qualcomm of forcing Apple and Samsung to pay inflated fees. Withdrawal still needs approval from the Competition Appeal Tribunal. Investors await the tribunal’s decision and a March 17 shareholder meeting.
February 17, 2026
AbbVie stock jumps as Botox Medicare lawsuit puts Washington back in focus
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AbbVie stock jumps as Botox Medicare lawsuit puts Washington back in focus

AbbVie shares rose nearly 3% after the company sued U.S. health agencies to block Medicare price controls for Botox. The lawsuit argues Botox should be exempt from the Inflation Reduction Act’s negotiation program as a plasma-derived product. Investors are watching for early court developments and the Medicare timeline for 2028 prices. The case was assigned to U.S. District Judge Carl Nichols.
February 12, 2026
Coupang stock slips as Korea blames management for data leak and investors widen legal fight
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Coupang stock slips as Korea blames management for data leak and investors widen legal fight

Coupang shares fell about 2.5% to $17.79 Wednesday after South Korea’s probe found a former employee exploited security flaws, exposing data of 33.7 million customers. Three more U.S. investors joined an arbitration push against Seoul over its handling of the breach. Regulators plan a fine for Coupang’s late reporting. The stock lagged a firmer U.S. market.
February 11, 2026
Sunwoda settles Geely unit Vremt battery lawsuit, flags up to $115 million profit hit
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Sunwoda settles Geely unit Vremt battery lawsuit, flags up to $115 million profit hit

Sunwoda will cut its 2025 net profit forecast by 500–800 million yuan after settling a lawsuit with Geely’s battery unit Vremt over defective EV battery cells. Vremt had sought 2.31 billion yuan in damages. Volvo, owned by Geely, is recalling EX30 models in several countries due to overheating risks linked to Sunwoda batteries. Geely declined to comment on the settlement.
February 6, 2026