BCA has welcomed the dismissal of a £21.5 million claim brought against BCA Trading Limited by the founder of Tradeouts Limited.
The claim arose following BCA’s purchase of 51% of the shares in Tradeouts Limited from founder, David Brown, and his business partner in 2014.
In a 12-day High Court trial, the unfair prejudice case brought by Brown was unconditionally dismissed, however, and BCA was awarded costs.
Martin Letza, BCA Group legal director and company secretary, said: “We are delighted with the outcome of the case and very much welcome the wholesale dismissal of Mr Brown’s claims.
“Some of our witnesses at the trial faced what the Judge described as ‘extreme and sometimes convoluted attacks on their honesty’.
“The rejection of any suggestion of dishonesty by those witnesses is especially gratifying and we are very grateful to those colleagues and former colleagues who took part in the trial process.”
BCA was advised by Berwin, Leighton, Paisner LLP and represented by Sa’ad Hossain QC and Joyce Arnold of One Essex Court.