Please select a service we provide from the menu.
Login to retrieve or track an existing case.
Law firm hit by lawsuit
10/09/2007
City legal practice Charles Russell has been served with court papers by pop record producer Mike Stock, who is suing the firm for professional negligence.
The law firm will face a High Court battle which will centre around the claim that its solicitors gave Mr Stock bad advice.
Part of the production group Stock, Aitken & Waterman, Mr Stock was facing a lawsuit from his former accountant Guy Rippon when he used the services of Charles Russell.
Mr Rippon was trying to tap into his former employer for £23,000 in unpaid fees, the Lawyer.com reports, but Mr Stock said he had been overpaid and had failed in his job as the hit producer was investigated by the Inland Revenue for £2 million of unpaid taxes.
Charles Russell advised Mr Stock at the time to reject an offer of £100,000 that was proposed by Mr Rippon's solicitors, as the firm believed Mr Stock would get more in court. However, Mr Stock lost more than £515,000 by the end of proceedings.
He ended up having to drop his counterclaim and instead pay Mr Rippon £232,500.
Mr Stock also lost £50,000 in court fees and had to shell out over £233,000 on his own costs.
Despite this, Mr Stock claims that Charles Russell also said that legal costs would probably be between £25,000 and £50,000.
Mr Stock is claiming that Charles Russell failed to keep him informed over legal costs and did not discuss whether it was worth risking the case.
Stock, Aitken & Waterman were a prolific production team, with hundreds of hits in the 80s which were popular across Britain and Northern Ireland.
Contact us for legal advice
The law firm will face a High Court battle which will centre around the claim that its solicitors gave Mr Stock bad advice.
Part of the production group Stock, Aitken & Waterman, Mr Stock was facing a lawsuit from his former accountant Guy Rippon when he used the services of Charles Russell.
Mr Rippon was trying to tap into his former employer for £23,000 in unpaid fees, the Lawyer.com reports, but Mr Stock said he had been overpaid and had failed in his job as the hit producer was investigated by the Inland Revenue for £2 million of unpaid taxes.
Charles Russell advised Mr Stock at the time to reject an offer of £100,000 that was proposed by Mr Rippon's solicitors, as the firm believed Mr Stock would get more in court. However, Mr Stock lost more than £515,000 by the end of proceedings.
He ended up having to drop his counterclaim and instead pay Mr Rippon £232,500.
Mr Stock also lost £50,000 in court fees and had to shell out over £233,000 on his own costs.
Despite this, Mr Stock claims that Charles Russell also said that legal costs would probably be between £25,000 and £50,000.
Mr Stock is claiming that Charles Russell failed to keep him informed over legal costs and did not discuss whether it was worth risking the case.
Stock, Aitken & Waterman were a prolific production team, with hundreds of hits in the 80s which were popular across Britain and Northern Ireland.
Contact us for legal advice
Bookmarks
