Afan Valley Limited (in Administration) and others (claimants/applicants) v Lupton Fawcett LLP (defendant/respondent)

Wednesday 29 January 2025

By Appellant’s Notice filed on 14 May 2024, the Claimants seeks Permission to Appeal against the decision made by Sheldon J when handing down judgment on 23 April 2024 striking out/ granting summary judgment dismissing Cs’ claims against D2.

The Cs are 43 companies which were the vehicles for a large Ponzi fraud resulting in Cs’ liquidation with a deficiency to creditors of £68M.

The underlying claim is for professional negligence against Cs’ former solicitors. Cs allege that they would not have entered into the transactions they did if properly advised, and that they would not have incurred the substantial losses.

The judge held that the Cs had failed to establish that they had suffered any loss as a result of the alleged negligent advice by D.

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