Success Stories

Completed Claims

These are examples of the type of claims that Redress Solutions funds.

Some were funded because the claimant did not want to take a financial risk; others, because the claimant was simply unable to fund the claim.

In all cases—prior to our involvement—the defendants believed that the claimants would not pursue their claims, would accept a derisory settlement, or would eventually drop their claims.

Clearly, the defendants were wrong.

Professional negligence claim

A group of investors in a film finance tax scheme made a claim against the scheme’s promoters. The claim arose after Her Majesty’s Revenue and Customs in the United Kingdom disallowed the tax scheme, to the detriment of the investors.

Redress Solutions agreed to fund the case against the scheme promoters, and rather than take the case through a long and expensive court case, the defendants went to mediation and later settled.

The claimants, by way of settlement, received a significant percentage of their losses accrued through the scheme.

Breach of contract claim brought by liquidators

This was a claim by liquidators of a mobile telephony sales company; the company had been forced into liquidation after the network operator, for whom it had acted as an agent, refused to pay the commission owed to it under a contractual arrangement.

Redress Solutions agreed to fund the claimant and the case was satisfactorily settled at mediation, which avoided a protracted legal process.

The liquidators gained a financial settlement that was acceptable to them.

Breach of contract claim brought by an individual

A senior company executive who was suffering from a life-changing illness had made a financial demand against his health insurance policy. The insurer refused to pay out under the policy.

Redress Solutions agreed to fund the executive’s claim and, rather than having to go through an expensive and stressful court case during a period of illness, the claimant was able to come to a suitable settlement after mediation.

This outcome allowed the claimant to maintain, despite his illness, the lifestyle to which he was accustomed.

Financial services claim

Liquidators made a claim against a number of major financial institutions on behalf of a group of investors in those institutions.

The case concerned the failure of the financial institutions to perform their contractual duties to protect the fund’s investors by supervising the granting of loans by managers of a fund. As a consequence of that failure, the fund’s managers granted loans to individuals in breach of the fund’s rules, and for purposes not permitted by the fund. Many of the unauthorised loans ended in the default of the insolvent borrowers.

A satisfactory settlement was achieved by the liquidators with the benefit of our funding.

Breach of contract

An independent financial advisor brought a claim for commission owed on investment business that it introduced to a fund manager. The fund manager concealed business that it had transacted with clients introduced by the financial advisor, and failed to pay commission in respect of such business.

The claim was settled two days before trial with a significant payment being made to the independent financial advisor.

Financial services claim

Liquidators of an investment company were seeking compensation—both from the directors of the investment company and from a corporate services provider— on behalf of defrauded investors.

An investment manager had used the corporate services group to set up an off-shore company to hold funds and investments on behalf of his clients. The corporate services group provided directors, whose duties included conducting due diligence on the purchase of securities on behalf of the company. The directors failed to perform their duties with due care, and the investment manager was able to misappropriate millions of pounds of his investors’ money by claiming that it was to be used to purchase investments which were, in fact, bogus.

The claim settled at mediation, with the corporate services provider paying a substantial proportion of the claim to the liquidators.

Contact us

Redress Solutions PLC
62 Grosvenor Street
London, W1K 3JF
United Kingdom
T: +44 (0)20 7495 3900 / 5311
E: enquiries@redresssolutions.co.uk

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