Deloitte and Manolete Win £2.2m High Court Battle – 28th April 2016
We are pleased to announce that we have won a substantial case in the High Court. We were funding two senior IPs from Deloitte LLP, as joint administrators of an insolvent electronics retail company.
The trial was listed for 15 days but the defence collapsed early into Day One. An order against the four former directors of the insolvent company was made by Mrs Justice Asplin for 98% of the damages, plus interest since the date of administration plus a large majority of our costs.
The case covered various heads of claim including illegal dividends and misfeasance.
Counsel was Edward Cohen of Enterprise Chambers, instructed by Kidd Rapinet Solicitors, led by Cyrus Medora