Withey exits Rangers trial as intervener application dropped

Former Collyer Bristow partner and ex-Rangers Football Club company secretary Gary Withey has dropped plans to join the £25m trial over the football club’s finances as a defendant.

The Lawyer reported in August that proceedings had been delayed after Withey expressed a desire to defend himself against allegations regarding his conduct in a claim for damages against his former firm (13 August 2012).

Withey could not be contacted, but The Lawyer understands he no longer wants to be a defendant in the case.

The case has been brought by Rangers’ administrators at Duff & Phelps against Collyer Bristow. The firm is accused of “deliberate deception” in relation to Withey’s role in businessman Craig Whyte’s doomed takeover of the Scottish club.

Withey, who is now a consultant for Segens, had instructed Mayer Brown partner Will Glassey and Wilberforce Chambers’ John Wardell QC to represent him.

But he is now represented by the same Clyde & Co team acting for Collyer Bristow.

Taylor Wessing restructuring partners Nick Moser and Neil Smyth and South Square’s Mark Phillips QC are instructed for the administrators, with Clyde & Co partner Richard Harrison and senior associate Nicole McKinnon and 3VB’s Cyril Kinsky QC and Matthew Hardwick and Wilberforce Chambers’ Ian Croxford QC representing Collyer Bristow.

The trial will be heard in 2013.

Rangers has since been reformed as a ‘newco’ and this week announced its intentions to float with a £20m IPO. Field Fisher Waterhouse and Travers Smith are involved (11 October 2012).

See: Rangers v Collyer Bristow: The legal story so far (30 April 2012).