Categories:North West

Halliwells’ ex-managing partner: ‘I gave my life to that practice’

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  • What about the minimum £25k loans that partners were asked to take out whilst the firm was in serious trouble and that they are now personally liable for?
    The partners were bullied into signing these and were told that if they didn't sign you have no future at Halliwells.
    What about the six months of tax that Halliwells should have paid but instead raided so now partners owe 6 months tax?
    Six months tax plus minumum £25k loan. All done at a time that he must have known the firm was going bust.
    As for a property deal whereby they paid the highest rent so as to trouser £16m well that is beyond words. They received £21m and put only £5m back into the firm and pocketed the rest! Had they not done that then Halliwells would still be afloat.
    None of that money should have been taken as a bonus but if you are going to do that then take £5m and put £16m back into the firm because do you know what happens if you don't? Take a look at what has happened if you don't know.
    This is basic stuff that a corner shop owner could tell you.
    Time for businessmen to run law firms, not lawyers.

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  • so stop moaning and start suing

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  • There is a lot of emotion here but do you honestly think Ian and his fellow equity partners care what you think? They have bought land, built houses and filled their pension pots. There are winners and losers in business. The 40 who took the money are winners and all of you who lost your jobs or foolishly poured money into the Halliwells money pit are losers. Common sense and a less gullible approach would have helped you to avoid these losses. Clever lawyers vs stupid lawyers and look who has won, they have got away with it because the stupid lawyers listened to the hype and failed to look properly at the financials

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  • Winners and Losers - that's a shockingly heartless answer. Are you autistic?
    Many employees - front office and back office - who competently and calmly got on with their jobs for many years - are now out of work. They're not 'gullible' or lacking in common sense - they simply did what they were asked to do - trust their employer, to whom they owed a duty of good faith.
    They were mislead, not misguided.

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  • Is there a possibility the "stupid" lawyers were just lied to?

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  • winners and losers | 12-Aug-2010 9:55 pm, the remainder who 'foolishly poured money in' were told that if they didn't then they didn't have a future. They was no 'put this money in and reap benefits', it was more what would happen if you didn't.
    It isn't gullible and nobody put it in lighlty. There wasn't much choice.
    They are all losers because the 'clever' lawyers destroyed a business - how is that success?
    If Directors of a normal business behaved in the way these equity partners did they wouldn't be allowed to run a business again.
    Let's wait for the results of the bodies looking through this.

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  • We will miss the scallywags and their false profits and pep figures. Now Kennedys and their disturbing homo erotic video stars will have to be the laughing stock of the legal community

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  • is that a defence? What happened if you refused to put the money in? Were you shot at dawn?
    Surely the lawyers could have requested financial information to enable them to evaluate the risk. Isn`t that a lawyers job?

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  • If this is true then those who told the lies should be sued for misrepresentation, breach of contract and deceit.

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  • Reading Ian Austin's comments again the sad thing is that he probably believes them.

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