Make-or-break for litigation funding
Moore Stephens is awaiting a make-or-break judgment at the High Court after locking horns again in its high-profile litigation funding clash
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.
Stephens spokesman said, ‘The appeal against the strike-out was heard in
March. There is a reserve judgment on the way.’