Investor Let You Down? "No Win No Fee" Assistance Available
If your investments have not performed as expected, it could be that your investor is to blame. Has your investment failed?
The High Court has recently ruled upon claims against Arch Financial Products LLP, an investment management company, and against Arch's Chief Executive, Robin Farrell.
Arch managed investments based in Guernsey. Claims were brought against Arch and Mr Farrell in relation to £20 million of those investments.
In the claims against Arch, the High Court found that Arch had acted negligently and:
- in breach of fiduciary duty;
- in breach of contract; and
- in breach of its duty to act with reasonable skill and care with regard to the assets under its management.
In relation to the claims against Mr Farrell, the court held that Mr Farrell had:
- dishonestly assisted Arch to breach its fiduciary duties; and
- induced Arch to commit these breaches.
Arch and Mr Farrell were ordered to pay the claimants £24.2m in damages and an additional £2.4m to cover their legal costs.
Samuels is a niche litigation firm based in North Devon, with particular expertise in the area of professional negligence. We appreciate that the cost of bringing claims can be daunting and we regularly enter into flexible funding arrangements with our clients, including "no win no fee" (conditional) fee agreements.
If you have been let down by an investment professional, contact us for a free no obligation discussion about how we can help.