Speechly Bircham is facing a claim worth more than £4m from Betfair founder Mark Davies and his wife Miranda for alleged negligence and/or breach of retainer for advice the firm gave them when they tried to sell their shares in the company.
In a claim lodged in the Queen’s Bench division of the High Court last month (16 August), the couple, who are trustees of the Giselle Davies Family Trust and the Davies Family Trust, which both hold stakes in online gambling company Betfair, argue that that the losses caused by Speechly’s advice stands at around £4.48m.
