This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+201114+Cover+Small
Categories:Advisers

Towry agrees to pay over £930k in legal costs

  • Print
  • Comment

Towry has agreed to pay in full Raymond James’ legal costs of £930,936 plus VAT for the High Court case it brought against the rival adviser firm.

Both parties have spent this afternoon negoiating the costs to be met by Towry after Mrs Justice Cox dismissed the case against Raymond James and seven former Edward Jones advisers at the Royal Courts of Justice in London earlier today.

During the case Towry sought £5.9m in damages from each defendant personally over claims advisers conspired to breach contracts when prevented them from soliciting clients for up to 12 months.

In total 388 clients with assets totalling £33m transferred to Raymond James.

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth

The Budget: What do people really know?


Fund Data

Editor's Pick



Poll

Do you think the idea of a single investment management charge could work in practice?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments