Neil Gerrard reportedly agrees compensation deal that leaves former agency on the hook for prices
A former partner within the London workplace of US big Dechert has reportedly agreed to settle a authorized motion against a former client he had accused of being concerned in spying on him.
Neil Gerrard and his spouse will obtain £22,500 however Dechert will likely be on the hook for prices presumably operating to six figures, the Financial Times reports.
Gerrard has been in a bitter authorized tussle for years with mining firm ENRC, which he did work for whereas at DLA Piper after which Dechert.
The corporate is suing each him and Dechert for negligence over Gerrard’s function finishing up an investigation into alleged fraud inside ENRC. A marathon Excessive Court docket listening to within the case, which has additionally dragged within the Critical Fraud Workplace, happened between Might and September this yr. Judgment is awaited.
Gerrard struck again by accusing ENRC of hiring company investigators to listen in on him and his household to collect data for its case against him.
His trespass and privateness case alleged that former intelligence officers planted cameras at his dwelling and tried to spy on a household vacation within the Caribbean.
However the case is now poised to settle, topic to a choose’s sign-off. Paperwork circulated to the authorized press reportedly present that Gerrard will obtain £2,500 and his spouse £20,000, however that ENRC and the company investigators are in line for a big contribution to their authorized prices.
ENRC stated: “We are pleased that the Gerrards’ hopeless claim has now been abandoned, although regrettably it has dragged on for two years with hundreds of thousands of pounds wasted by Dechert in funding Mr Gerrard’s campaign”.
A Dechert spokesperson declined to remark.