Fladgate Litigation Partner Steven Mash on the rights of shareholders in the Patisserie Valerie administration

23 January 2019

Commenting in the Telegraph and City AM, Fladgate litigation partner Steven Mash has discussed the potential shareholder claims which may arise as a result of this latest collapse of a well-known high street café. Speaking to City AM, Steven highlights that shareholders who invested on the back of misleading statements could have a claim, commenting that:  “Investors in struggling companies do not, unfortunately, have a right to recover their investment as a matter of course. There are however a number of avenues that can be pursued should it become apparent that the business has been operated negligently or indeed with wilful irregularities both against the company and against the directors personally if they have breached their fiduciary duties.”

 Further information about Fladgate’s commercial disputes team can be found here:

https://www.fladgate.com/expertise/dispute-resolution/

https://www.fladgate.com/lawyer/steven-mash/

The articles in the Telegraph and City AM referred to above can be found here:

https://www.telegraph.co.uk/business/2019/01/23/next-patisserie-valerie-luke-johnson/

http://www.cityam.com/272074/patisserie-valerie-shareholders-consider-legal-action-after

 

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