Commercial litigation boutique Harcus Parker is to take on litigation giant Herbert Smith Freehills, as shareholders at Quindell – now known as the Watchstone Group – mount an action against the company, which they have accused of misleading them.
According to Harcus Parker, in the four years to 2015, AIM-listed insurance group Quindell regularly published positive market announcements about its financial health, only to reveal that it suffered a £238 million loss in 2014. This, the firm is arguing, resulted in institutional investors losing money.
