Financial advisor's negligence
We successfully recovered £4.28 million on behalf of a group of investors who brought an action against their financial advisors for negligent advice. The financial advisors alleged that life assurance bonds known as the “Alpha Fund” were a low risk investment in which the monies would be 100% protected. The bonds, however, were high risk and were a speculative product. Following the collapse of the fund, our clients lost all of their investments. Following the issuing of proceedings in the High Court of Justice, the financial advisors eventually conceded that the advice they had been given in relation to the Alpha Fund had been negligent. The clients were represented in this matter pursuant to a Conditional Fee Agreement.
Accountant's negligence
We represented a company who successfully brought a claim against a well established national accountancy firm, for a substantial sum following their negligent advice regarding shares. The accountancy firm negligently valued shares, failed to seek Inland Revenue clearance as regards the valuation of shares and failed to advise our clients of corrections to tax returns. The matter proceeded to trial before the Accountancy Firm agreed to pay for all the losses, as pleaded. We acted for the clients in this matter pursuant to a conditional fee agreement.
Solicitor's negligence
Our client successfully sued their previous solicitor for professional negligence as they failed to issue a personal injury action within the three year limitation period. Accordingly, our client lost the opportunity to sue the individual who caused the injury. The professional negligence claim was settled without Court proceedings being issued and the client was “overjoyed” with the result. We acted for the client in this matter pursuant to a conditional fee agreement.
Our client instructed a firm of solicitors to draft an appropriate share purchase agreement concerning a company in which our client was both a Director and Shareholder. Unfortunately, the firm of solicitors failed to draft the guarantee option correctly, causing our client to suffer a substantial loss. After issuing proceedings for a professional negligence claim, the matter proceeded to mediation and settled shortly thereafter. We acted for the client in this matter pursuant to a Conditional Fee Agreement.
We acted for a beneficiary who in accordance with the Testator's wishes was to receive all of his Estate (valued at £250,000). Unfortunately, the solicitors instructed to draft the Will failed to carry out the Testator's wishes and drafted a clause whereby the Trustees had a discretion as to how the Estate would be distributed. Without the need for issuing proceedings, we have successfully settled the action on the basis that following the payment of a small gift, (which our client agreed to make in any event) our client recovered a sum equivalent to the value of the whole Estate. As with the above actions, we acted for the client in this matter pursuant to a Conditional Fee Agreement.
Surveyor's negligence
Our client recently purchased a property which was underpinned. Relying upon a surveyor to value the property prior to the purchase, the surveyor failed to establish that underpinning had occurred. We successfully brought a claim for professional negligence against the surveyor and recovered monies for the client being the difference in the value of the property at the date of purchase with and without the underpinning, together with interest. As with the above examples, we acted for the client pursuant to a conditional fee agreement.
