Property News · May 8, 2018

Phones 4U founder John Caudwell ordered to pay £500,000 damages


Billionaire’s ex-financial adviser Nathalie Dauriac wins case involving constructive dismissal A former financial adviser to the billionaire Phones 4u founder, John Caudwell, has been awarded nearly £500,000 in damages after a court found she was wrongly dismissed despite fiddling her expenses. But Caudwell claimed justice had been done, since the payment was significantly less than the £20m Nathalie Dauriac was seeking.In the conclusion of a high-profile case, Justice Marcus Smith awarded the damages after finding that Caudwell had breached his agreement with Dauriac after taking over her shares in the financial management firm they co-founded, for a nominal £2 fee. Despite Dauriac maintaining they were worth £20m, the court valued them at no more than £471,510. Continue reading…

Source : theguardian.com
Read more…Phones 4U founder John Caudwell ordered to pay £500,000 damages

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