A High Court judge has made his ruling in regard to former Liverpool owner Tom Hicks lawsuit request over the October sale of LFC.
Justice Christopher Floyd denied Hicks' bid to bring his lawsuit against the Royal Bank of Scotland back to the United States, ruling that Hicks and his business partner George Gillett need to seek the permission of the British courts before seeking damages in the U.S., The Wall Street Journal reports.
Hicks and Gillett announced an "epic swindle" occurred when New England Sports Ventures purchased Liverpool for the reduced price of $476 million back in October. The business pair went to the High Court system requesting to eliminate the ruling that prevented them from seeking damages outside the European Union.
According to ESPN.com, Liverpool was delighted with the High Court's ruling, and released a public statement regarding the decision.
''We are delighted that Mr Justice Floyd has granted the applications requested by Sir Martin Broughton, RBS and NESV and that the anti-suit injunction prohibiting the former owners from commencing legal actions against these parties outside the EU has been upheld and clarified," the statement said. "Sir Martin, RBS and NESV continue to maintain that there is no basis to challenge the propriety or validity of any actions by them or any of those involved on their behalf in the sale of the club. They will continue to take all steps necessary to defend vigorously any litigation threatened or commenced by the club's former owners.''
In regard to Broughton's requests, Floyd dismissed the application to "strike out or stay" his claims to seek damages against Hicks for his ownership actions. NESV was also given the right to join Broughton in any legal action.
Powered by WordPress.com VIP