Addleshaws' Barclays Relationship Criticised as it Fails to Strike Out Negligence Claim
A company claiming negligence by Addleshaws has alleged it was under 'informal control' by Barclays.
July 17, 2019 at 07:41 AM
3 minute read
The High Court has rejected an application by Addleshaw Goddard to strike out a professional negligence claim made against it.
The City firm sought to throw out a claim brought by a now-insolvent Scottish company, which accused the firm of failing to perform its duties in a case the company brought against Barclays seven years ago. The company accused Addleshaws of being influenced by the bank and suffering a conflict of interests, leaving it unable to act independently.
The original claim against Addleshaws for breach of contract and breach of fiduciary duty was brought by the claimant Arthur Holgate & Sons – a now-liquidated family business based in Scotland – which became embroiled in a dispute with Barclays in 2012.
The company alleged that the bank missold it an "interest rate hedging" product back in 2007, and subsequently sought advice from legacy HBJ Gateley – now a part of Addleshaws.
But the company alleged that Barclays had "informal control" over Addleshaws, which allowed the bank "to influence the actions and matters" related to its claim.
The judgment document details that this informal control was "expressly acknowledged in an email" between the Addleshaws partner overseeing the matter, Tim Cooper, and people at Deloitte who acted as joint administrators of the company after it became insolvent.
In its particulars of claim, the company cited Addleshaws' place on Barclays legal panel, as well as its motivation to "build and maintain a close relationship with the bank" as factors contributing to the bank's informal control over the firm.
In light of these and other factors, the company asserted that Addleshaws "would not have been able to pursue a claim against the bank without fear or favour", nor without the "requisite independence", and that it suffered a "conflict of interests" preventing it from effectively acting in the company's interests as it pursued its claim against the bank.
Addleshaws, however, attempted to get the professional negligence claim thrown out on the basis that "Scotland was the more convenient forum" and that courts in England and Wales did not have jurisdiction. It further argued that, while the case may not be time-barred in England and Wales, it may "at least in part" be time-barred in Scotland, where there is a five-year limitation period.
The High Court rejected this argument, siding with the claimant company, which asserted among other things that the place of performance of the contract was England.
Addleshaws declined to comment.
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
© 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.
You Might Like
View AllGibson Dunn Leads as Hollywood Duo Sell Minority Stake in Wrexham AFC
2 minute readAustralian Senator Accuses PwC International of Inhibiting Accountability
5 minute readDrew & Napier Class-Action Claimants Accept Omni Bridgeway Funding for $250M Claim Against Swiss Government
Hogan Lovells Paris Arbitration Partner Moves to Kennedys in International Push
2 minute readTrending Stories
- 1Infant Formula Judge Sanctions Kirkland's Jim Hurst: 'Overtly Crossed the Lines'
- 2Abbott, Mead Johnson Win Defense Verdict Over Preemie Infant Formula
- 3Guarantees Are Back, Whether Law Firms Want to Talk About Them or Not
- 4Trump Files $10B Suit Against CBS in Amarillo Federal Court
- 5Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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