End game for Harlequin? High Court orders chairman to pay investors £1.3m

The ruling against David Ames and his wife Carol was handed down by Judge Mrs Justice Cox at the High Court in London on Friday. The group of 24 Harlequin investors "are still entitled to the sum that the [the Ames'] agreed to pay in the settlement agreement entered into as long ago as 20 October 2014", the judgement, seen by Professional Adviser, said. "This claim has all the hallmarks of an attempt by the [Ames'], made very late in the day, to avoid their obligations under that agreement," Justice Cox added. Lawyers for the Ames' had argued that an earlier out of court deal in wh...