Liverpool's former owner given chance to sue RBS
Thu 17th Feb 2011 | Legal
Tom Hicks, Liverpool Football Club’s former co-owner has been granted permission to launch a legal claim against the Royal Bank of Scotland, but only if they do so within the EU.
Hicks is now set to make a claim against the bank for losses incurred during the sale of Liverpool in October 2010 after orders barring action in the US were varied by a High Court judge in London.
The varied anti-suit injunction will now allow Hicks to make applications in the US in support of any proceedings in the UK as long as he gives seven days notice to the parties he is suing.
Hicks believed he was the victim of an 'epic swindle' when the club was sold against his wishes to New England Sports Ventures for £300m.
However Liverpool have expressed their satisfaction with the court's decision. "Last week a further hearing took place as part of the ongoing litigation following the successful sale of the club in Oct 2010 to NESV,” read a statement released by the club.
"We are delighted that Mr Justice Floyd has granted the applications requested by Sir Martin Broughton, RBS and NESV and that the anti-suit injunction prohibiting the former owners from commencing legal actions against these parties outside the EU has been upheld and clarified.
"Sir Martin, RBS and NESV continue to maintain that there is no basis to challenge the propriety or validity of any actions by them or any of those involved on their behalf in the sale of the club.
"They will continue to take all steps necessary to defend vigorously any litigation threatened or commenced by the club's former owners."
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