quit while you're behind

June 23, 200620 yr

not content with having lost a fortune when itv digi collapsed, the league have now got more problems

still, they were awarded 4quid ](*,)

http://news.bbc.co.uk/1/hi/uk/5109254.stm

June 23, 200620 yr

Thought this may be useful

http://news.bbc.co.uk/1/hi/uk/5109254.stm

Snack

June 23, 200620 yr

I'd like to see the outcome if one of our clients sued us for giving poor advice.

I work for a firm of structural engineers.

"You should have known your building would fall down." 8-[

June 23, 200620 yr

to enlighten folk

http://news.bbc.co.uk/1/hi/uk/5109254.stm

The Football League has lost its claim for ??150m in damages from its former legal advisers over a collapsed ??140m television deal.
The league, which represents teams in the lower three divisions outside the Premier League, was ordered to pay 90% of solicitors Edge Ellison's costs.

The league was suing over its advice on a deal with pay-TV company ITV Digital which collapsed in 2002.

The judge found two breaches of duty for which he awarded just ??4.

The Football League is now liable for most of the legal costs of the case which legal experts say could be as high as ??5m.

ITV Digital collapsed after it could no longer afford its payments to the league.

That left some clubs in serious financial straits and unable to pay players.

Some had invested in ground improvements in anticipation of funds which never materialised.

June 23, 200620 yr

Thought this may be useful

http://news.bbc.co.uk/1/hi/uk/5109254.stm

Snack

bugger - too quick for me

June 23, 200620 yr

Author

why you all reposting my link?

:oops:

June 23, 200620 yr

I'd like to see the outcome if one of our clients sued us for giving poor advice.

I work for a firm of structural engineers.

"You should have known your building would fall down." 8-[

To explain my point....

It [Football League] had claimed the legal firm failed in its duty to protect its commercial interests during negotiations with ITV Digital (formerly ONdigital) for the licensing of its broadcasting rights in 2000.

It claimed it should have been advised to seek guarantees from ITV Digital's owners Carlton and Granada.

However, Mr Justice Rimer at the High Court ruled the league knew about the risks.

Peter Crossley, Hammonds' managing partner, said: "This judgment confirms that the Football League's losses on the collapse of ITV Digital were the result of its own decisions and conduct, not those of Edge Ellison."