A band of 28 ex-Park Row advisers will next week begin legal proceedings against their former employer, claiming thousands of pounds in compensation for loss of earnings.
In a six-page Letter of Claim, the advisers will accuse Park Row of being in "breach of contract" and "breach of duty". The lawyer spearheading the challenge says Park Row must respond to the letter and faces legal proceedings if it disputes the allegations and refuses to enter into an out-of-court consensus agreement with the group. None of the 28 individuals have been able to service customers since 13 November 2009 when the IFA arm of Royal Liver fell into insolvency, and the FSA revoked the advisers' permissions to practice. David Turner, a financial disputes lawyer at Foot Ans...
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