Towry case full reaction
Towry’s request for additional time to pay the first half of Raymond James’ £1.2m court costs.
The court case brought by Towry against IFA firm Raymond James and seven former Edward Jones advisers centred on allegations that advisers breached non-solicitation clauses in their restricted covenants and solicited clients.
Law firm says more firms will look to impose non-dealing clauses in their adviser contracts in the wake of the Towry V Raymond James High Court case this week.
Full details of yesterday’s court verdict.
Anger expressed over Towry’s unfounded allegations that they conspired to break their Edward Jones contracts.
Towry has agreed to pay Raymond James legal costs in full plus VAT after it lost its case at the High Court earlier today.
Allegation made by Towry that former Edward Jones “conspired” to breach their contracts were “without foundation”.
All cases against Raymond James and the seven former Edward Jones advisers have been dismissed.