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A $25m claim against a City firm

Overview

In the current economic climate, many businesses are increasingly looking to blame their professional advisers for transactions that go wrong. However, many large professional negligence claims have in recent years collapsed or been dismissed.
One such case that did not fail was a US$25m claim brought by PCB Litigation LLP against a city firm of solicitors, which settled mid-way through the trial in March 2009 on confidential terms.

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Tags: Litigation.

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