Wealth Manager Seeks To Trim Ex-Athletes' Negligence Suit

Law360, London (June 1, 2020, 7:07 PM BST) -- A wealth manager urged a London judge Monday to consider paring down a group of former athletes' £15 million ($18.7 million) negligence suit before settlement talks begin, arguing that settling the limitations dispute first will give the mediation a better shot at success.

St. James's Place Wealth Management asked the High Court to delay scheduled settlement talks so the court could hear and rule on its application to strike out accusations that one of its former representatives gave negligent advice on film-scheme investments later deemed unlawful by HM Revenue & Customs.

Richard Hanke of 3 Verulam Buildings said having the ruling...

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