Shareholder's Tax Advice Suit Over £26M Insurer Sale Stayed

Law360, London (August 20, 2019, 1:43 PM BST) -- A London judge has paused a suit brought by a former travel insurance shareholder against a U.K. accounting firm over allegations that bad advice caused him to lose out on a lucrative tax break when the insurer was sold for over £26 million ($31.5 million).

A judge at the High Court in London gave no reason for delaying until Oct. 31 a former travel insurance shareholder's suit alleging that an accounting firm's bad advice cost him when the insurer was sold. (AP) The suit brought by Martin Banbury against RSM U.K. Tax and Accounting Ltd. has been put on hold until...

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