NatWest defeats civil fraud claim

Judgment has been handed down in Stone Consultants Ltd v NatWest [2013] EWHC 208 (Ch) in which the claimants alleged that NatWest and one of its bankers was complicit in a £300m Ponzi scheme. Nicholas Medcroft, instructed by Berwin Leighton Paisner, acted for NatWest which successfully defeated claims for conspiracy, dishonest assistance, deceit, unjust enrichment and negligence. After a 4 week trial Mr Justice Sales dismissed all claims against the bank.

News 12 Feb, 2013

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