How Towry's 'extravagant' case fell apart

Central to Towry's case was the claim that the advisers had conspired with Raymond James to "poach" Towry's clients - a claim described by Mrs Justice Cox as "one of the most serious that can be brought before a court". The advisers had worked for Edward Jones, which was acquired by Towry in 2009. They left their new employer shortly after the takeover, joining Raymond James in early 2010. Towry's conspiracy claim meant the defendants, if found guilty, would have been equally liable for the potential £6m of damages claimed by Towry, despite one adviser, Tracey Simpson, having income o...