CMS Cameron McKenna is being sued for negligence by offshore company Tamlura at the High Court for unspecified damages.
The claim surrounds the acquisition of accident management group motorCare by The Innovation Group (TiG) on 17 October 2000 for £67m. TiG is not part of the claim, however.
Tamlura is a Dutch Antilles-incorporated company that used to trade in this country as motorCare. Tamlura sold motorCare to TiG in 2000.
According to the claim form, which was filed last October, Tamlura alleges that Camerons acted negligently when it advised the company on a sale agreement prior to the disposal of motorCare.
It is understood that it took so long for a claim to be filed because there was an issue of non-payment of fees to Camerons.
Tamlura and a company named PPG Industries were selling shares in the Dutch company Tamlura International Holdings (TIH), a transaction on which Camerons advised Tamlura. TIH was dissolved after TiG bought motorCare.
Camerons then advised Tamlura on a purchase agreement in November 2000 for shares in TIH from PPG. Tamlura is alleging that Camerons’ advice on both deals was negligent.
Camerons managing partner Dick Tyler said the claim is “speculative and entirely without merit”. The case is being handled by Camerons’ insurers QBE.
The claim was filed on behalf of Tamlura by Windsor-based Willmett Solicitors.