Clydes advises Liverpool FC's former owners on RBS lawsuit
Clyde & Co and 3 Verulam Buildings (3VB) have won roles on the multimillion-pound dispute between Liverpool FC's former owners and RBS. Clydes is advising US businessmen Tom Hicks and George Gillet, who claim that they lost around £140m when they were pushed into the sale of Liverpool FC by RBS in 2010, arguing that the club was sold at a significant undervalue.
March 08, 2012 at 12:57 PM
2 minute read
Clyde & Co and 3 Verulam Buildings (3VB) have won roles on the multimillion-pound dispute between Liverpool FC's former owners and RBS.
Clydes is advising US businessmen Tom Hicks and George Gillett, who claim that they lost around £140m when they were pushed into the sale of Liverpool FC by RBS in 2010, arguing that the club was sold at a significant undervalue.
The UK top 20 law firm is fielding a team led by dispute resolution partner Paul Friedman, with 3VB's Ali Malek QC and Christopher Harris instructed as counsel.
The case is being heard by Justice Peter Smith in the High Court this week, marking its debut in the UK courts. Freshfields Bruckhaus Deringer disputes partner Patrick Swain and Erskine Chambers' Richard Snowden QC and James Potts have acted for RBS throughout the takeover saga.
Hicks and Gillett were ousted as Liverpool's owners in October 2010 when the club was bought by New England Sports Ventures – now Fenway Sports Group – amid a blaze of publicity. The closely-watched takeover handed related roles to a raft of legal advisers including Slaughter and May, Mayer Brown, Baker & McKenzie, Weil Gotshal & Manges, Shearman & Sterling, Macfarlanes and One Essex Court's Lord Grabiner QC.
Hicks and Gillett have also claimed that Liverpool FC's directors acted against them to force the sale of the club. UK sports law firm Couchmans is advising ex-Liverpool chairman Martin Broughton and the English directors of the club, with partner Satish Khandke heading up the firm's team alongside Paul Harris QC and Owain Draper of Monckton Chambers.
Slaughters advised Liverpool throughout the 2010 takeover negotiations, led by corporate partners Nigel Boardman and Mark Zerdin alongside finance partner Stephen Powell.
For more, see Liverpool's former owners head for High Court in takeover damages bid.
- Click here for a detailed report by Slaughter and May on the Liverpool takeover
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 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.
You Might Like
View All
Singapore Litigators Shift Competitive Landscape as Another Senior Duo Sets Up Own Shop
Claus von Wobeser: Mexico's ‘Godfather of Arbitration’ Becomes Firm’s Honorary Chair
Slaughter and May Leads As Government Buys Back £6 Billion of Military Homes
2 minute read
LatAm Moves: DLA Piper Chile, Brazil’s Demarest Build Out Disputes Muscle
Trending Stories
- 1We the People?
- 2New York-Based Skadden Team Joins White & Case Group in Mexico City for Citigroup Demerger
- 3No Two Wildfires Alike: Lawyers Take Different Legal Strategies in California
- 4Poop-Themed Dog Toy OK as Parody, but Still Tarnished Jack Daniel’s Brand, Court Says
- 5Meet the New President of NY's Association of Trial Court Jurists
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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
