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Barclays must pick up £30m legal bill from court case with businesswoman Amanda Staveley

Barclays must pick up £30m legal bill from court case with businesswoman Amanda Staveley
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Barclays must pay £30 million legal bills it ran up in High Court fight

Businesswoman s court fight with Barclays generated £50m legal bills, judge told | Dumbarton and Vale of Leven Reporter

By Press Association 2021 Amanda Staveley A High Court battle between a businesswoman and Barclays generated lawyers’ bills in the region of £50 million, a judge has been told. Amanda Staveley sued the bank for hundreds of millions of pounds after making complaints about the behaviour of bosses when negotiating investment deals during the 2008 financial crisis. She said PCP Capital Partners, a private equity firm she runs, would have invested in the bank on “vastly better terms” 13 years ago but for Barclays’ “false representations”. Barclays contested the claim. Barclays had run up lawyers’ bills of nearly £30 million, the judge was told (Dominic Lipinski/PA)

Businesswoman s court fight with Barclays generated £50m legal bills, judge told

By Press Association 2021 Amanda Staveley A High Court battle between a businesswoman and Barclays generated lawyers’ bills in the region of £50 million, a judge has been told. Amanda Staveley sued the bank for hundreds of millions of pounds after making complaints about the behaviour of bosses when negotiating investment deals during the 2008 financial crisis. She said PCP Capital Partners, a private equity firm she runs, would have invested in the bank on “vastly better terms” 13 years ago but for Barclays’ “false representations”. Barclays contested the claim. Barclays had run up lawyers’ bills of nearly £30 million, the judge was told (Dominic Lipinski/PA)

Barclays must pay £33m legal bill for Amanda Staveley court case : CityAM

In the High Court today Judge David Waksman said he made “no order as to costs”, so both sides will pay their own bills. According to court documents, Staveley’s PCP Capital Partners amassed nearly £20m in legal costs during the long-running trial. Lawyers acting for Ms Staveley had called for the bank to contribute £11m towards her expenses. “We welcome the Judge’s decision, which justly ensures that PCP is not liable to pay Barclays any of its costs of the litigation,” Khaled Khatoun, Staveley’s lawyer, said today. The high-profile trial centred around the claim that Barclays gave Staveley’s private equity firm less favourable treatment than other parties in the emergency £7.3bn fundraising that saved the bank from a state bailout in 2008.

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