Supreme Court rules on PwC, litigation funding case despite out-of-court settlement

Fri, 06 Oct 2017

By Sophie Boot Oct. 6 (BusinessDesk) - The Supreme Court has ruled that litigation funder LPF Group was allowed to back a legal claim against PricewaterhouseCoopers, despite the two parties settling their dispute in private. The lawsuit from the liquidators of David Henderson's failed property development firm Property Ventures (PVL), which was bankrolled by LPF in return for 42.5 percent of any settlement, had alleged PwC and managing partner Maurice Noone advised PVL on ways to continue trading when by some accounts it was insolvent whi...

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