Freshfields faces £68m claim over Department for Transport advice
Freshfields Bruckhaus Deringer is facing a potential negligence claim worth more than £68m from the Department for Transport (DfT) for advice it gave the organisation in 2006 in relation to a rail franchise agreement with Stagecoach South Western Trains (SSWT)...
December 07, 2011 at 07:03 PM
2 minute read
Freshfields Bruckhaus Deringer is facing a potential negligence claim worth more than £68m from the Department for Transport (DfT) for advice it gave the organisation in 2006 in relation to a rail franchise agreement with Stagecoach South Western Trains (SSWT).
The firm received a letter before action from the Employment, Commercial and Companies Division of the Treasury Solicitor's Department, dated 13 June 2011, which accuses the firm of negligently deleting a clause in the agreement that resulted in the DfT having to pay out £66.9m to SSWT, as well as £1.3m in costs incurred dealing with the dispute and arbitration proceedings.
The dispute centred on the period over which revenue shortfalls at SSWT should be assessed and the amount of revenue support compensation receivable from the Government. The letter alleged that Freshfields' deletion of the clause was spotted by SSWT's lawyers, Herbert Smith, with the company subsequently claiming revenue support compensation from the Government.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 4What We Know About the Kentucky Judge Killed in His Chambers
- 5'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250