Developers' £17M Claim Against Ex-Attys Gets 3-Month Delay

Law360, London (April 1, 2019, 3:26 PM BST) -- London's High Court has paused a £17 million ($22.3 million) lawsuit brought by two insolvent British property development companies against their former lawyers claiming breach of fiduciary duty relating to the liquidation of their companies in 2013.

Judge Sara Cockerill stayed proceedings brought by Capital Alternatives Sales and Marketing Ltd. and Green Planet Investment Ltd. against London-based Nabas International Lawyers LLP, in an order dated March 22. The claimants, which traded as Green Planet, say their investors lost around £17 million when the companies collapsed, and they are seeking to claw back the money.

The Green Planet companies are also demanding...

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