Rathbones to pay £15m to end Jersey trust battle
Wealth manager Rathbone Brothers has agreed to pay £15m as part of a conditional settlement to end a two-year dispute involving a former director which has already cost it £5m in legal fees.
The case began after a claim was filed in 2012 against a former director of Rathbone Trust Company Jersey Ltd, owned by Rathbones between March 2000 and October 2008. It was centred on the management...
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