Categories:North West

Ex-Halliwells fixed share partners mull legal action against equity partners

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  • It is disappointing that it is likely to take litigation to learn of the full competencies and management skill, or otherwise, of the 'full' partners in this debacle. If it goes badly for the equity partners it will be interesting to see the reaction of the firms they moved to. More head in the sand no doubt...

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  • Maybe they will wake up to the fact that they have "bought" some pretty disgusting characters who think nothing of shafting their fellow partners.

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  • To Ct: I wonder what else these characters have been up to?

    I'm not sure you can really blame the purchasing firms.

    You do have to feel sorry for the many good people still working with these characters (as well as those made redundant when the firm collapsed), this is such a dreadful mess, it's hard to see a clean resolution to this.

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  • The equity partner fools never learn.
    They sneaked through an amendment to the llp deed so they could take the Spinningfields cash and then they sneaked another amendment through so they could get the terminal loss relief - another windfall for the greedy fools who wrecked the firm.
    Wouldn't you have thought that they would have told the FSMs, the administrators and more importantly the court about what they had done. Securing a preference on the back of a bankruptcy threat when the shenanigans with the deed meant there would be a massive windfall for the equity partners really ought to have been put before the court.
    Time for the court to re-examine the preferences and perhaps a reminder of the duties solicitors have as officers of the court.
    Re-open the proceedings so that the creditors get a fairer deal and those responsible for the demise of the firm take their medicine.

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  • Let them have it Chris.....

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