Advice was provided to a group of investors in relation to seeking to “pierce the corporate veil” to help bring a claim against a company’s directors and shareholders who had led them into a series of loss-making property purchases. Those property purchases benefited the former directors and shareholders of the company in question.
The advice provided identified a claim against the former directors and shareholders who had been directing and managing the operations of this property investment company. This company was an agent for the investors and the advice provided identified claims alleging certain individuals had been dishonestly assisting the company to breach fiduciary duties owed to the investors. The work we undertook identified personal claims against the numerous individuals in relation to loss over more than £40m.