Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks IPOs and placings
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Litigation Capital to finance health records action against Google
(Sharecast News) - Dispute financier Litigation Capital Management has entered into a litigation finance agreement for a new representative claim, it announced on Monday.
The AIM-traded firm said the agreement would fund a new representative action in the High Court of England, brought on behalf of up to 1.6 million individuals against Google and DeepMind Technologies for the unlawful use of confidential medical records.
It said the claim was for the misuse of private information, and arose out of an arrangement formed in 2015 between Google and DeepMind, and the Royal Free London NHS Foundation Trust.
The tech companies obtained and used a "substantial number" of confidential and private medical records without the knowledge or consent of patients, LCM said.
It explained that the representative claim being brought by Mishcon de Reya would provide access to justice and a means of compensation which would not have been viable on an individual basis, due to the cost of the litigation process.
The company said it would provide a means of redress to those affected by the misuse of their private and confidential medical records, and would form a "significant claim" for LCM to support and fund.
"LCM has a long and deep experience in funding large scale actions, many of which would not be possible without litigation funding," said chief executive officer Patrick Moloney.
"As pioneers of the industry, we are well-placed to support the claim in this action."
At 1202 BST, shares in Litigation Capital Management were up 0.85% at 103.88p.
Reporting by Josh White at Sharecast.com.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.