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Slide 3 of 23




Parties
Twelve active parties:
  • Plaintiffs - the new trustees

  • Defendants - the former trustee, its directors, parent company, auditors, insurers, the partners of one of the directors, and solicitors acting for the former trustee in respect of two of the loans.

  • Third Parties - insurers of directors, solicitors of former trustee, senior counsel.

The parties were represented by 27 counsel (including 11 QCs) and a slightly larger number of solicitors.

Total legal fees approximately $400.00 to $500.00 per minute.