Investor Group Litigation
Group litigation involves the management of multiple claims dealing with similar or related issues of fact or law. It is a specialist area and one in which Harcus Sinclair has built up significant experience.
The firm acted in 2003-2005 for over a hundred investors in the Evolution Films Group litigation, which concerned a tax-driven investment scheme that sought to take advantage of tax reliefs the first Blair administration had introduced in order to encourage investment in British films. Since then, the firm has acted for investors in a number of similar film schemes, including for several hundred who invested in a scheme called Tower/UKFS and for nearly 500 claimants in a scheme called Take. The firm also acts for two large groups of claimants who invested in property schemes which failed during the financial crisis.
Harcus Sinclair was instructed by over a thousand investors in against Capita Financial Managers Limited arising out of the well-publicised failure of the CF Arch cru Funds. The firm obtained a group litigation order in that case in November 2013.
More recently, a group of shareholders in Lloyds TSB instructed Harcus Sinclair to bring a claim against Lloyds TSB's former directors for breaches of duty in relation to Lloyds' acquisition of HBOS in January 2009.