Make-or-break for litigation funding

Moore Stephens logo

Last month, the firm resumed its battle with Benedict Mckenzie, liquidator of
collapsed company Stone & Rolls, but is now awaiting a key ruling.

The two sides have been trading legal blows since 2007, but Moore Stephens
got a major boost after a judge threw out a bid for compound interest to be
tacked on to the audit negligence claim, which would have meant £90m in possible

The case has serious implications for the rest of the profession if
litigation funding becomes par for the course in the UK.

A Moore
spokesman said, ‘The appeal against the strike-out was heard in
March. There is a reserve judgment on the way.’

Related reading