JD Classics founder Derek Hood is being sued for £64 million by the failed classic car restoration and retail business’ administrator Charme Capital.
A High Court hearing has found that classic car dealer JD Classics did act as an agent for a collector who claims to have “suffered catastrophic losses” during the trading of 41 vehicles.
The High Court will hear an application for a Group Litigation Order as part of three-days of proceedings to decide the deadline for dieselgate emissions claims against Volkswagen in England and Wales.
A classic car collector has started High Court proceedings against JD Classics after alleging that the trader invented fictitious buyers and sellers to boost its sales profits.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
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