Charles Russell Denied Appeal Bid In Lost £1.6M Sale Suit

By Ronan Barnard (June 21, 2022, 4:07 PM BST) -- Two business owners and Charles Russell Speechlys LLP have been denied permission to appeal after a judge found the law firm gave the men bad advice over the sale of stock in their IT company to a private equity company.

IT company founders Paul Richards and Keith Purves have won £1.6 million ($1.9 million) after suing over advice given by the firm's predecessor Speechly Bircham LLP over the sale of their 42.95% stakes in IP Solutions UK Ltd., a cloud-based technology company, Judge Jonathan Russen QC ruled in a High Court order dated June 16.

But the judge denied the firm, Richards...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!