A troubled financial advice firm, thrown a lifeline by the Court of Appeal in a £2m negligence case, could face a number of new claims from investors in high-risk products.
Financial advice firm TBO Investments was granted a re-hearing of its £2m professional negligence claim, after the Court of Appeal ruled the earlier judgement denying the appeal had been "too rigorous". But the lawyer representing the claimants has warned more claims could be coming the firm's way, after he was contacted by a number of people who had been advised to make similar investments. TBO has been fighting a ruling by the High Court ordering it to pay £2m to some former clients as a result of advice it gave to them between 2007 and 2009. The firm, which is majority-owned by ...
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