Source: Team_Talk
Hicks and Gillett drop Texas lawsuit
Tom Hicks and George Gillett have dropped their Texas lawsuit against RBS and Liverpool's directors but could still launch action in England.[LNB] Having spent the last week dragging his case through the courts to oppose a £300million sale to New England Sport Ventures - which went through this afternoon - the American former co-owners dropped the US $1.6billion (£1bn) claim initially lodged in a Dallas court.[LNB]However, they are considering their next move and a statement from their lawyers suggests they may bring the fight to England - where they lost a High Court battle to retain control of the club this week.[LNB]"Mr Hicks and Mr Gillett have withdrawn without prejudice their Texas lawsuit in order to fully comply with the order of the English court," said a statement from Fish & Richardson attorney Tom Melsheimer.[LNB]"We believe the order is overbroad and unfair, yet Mr Hicks and Mr Gillett respect the legal process.[LNB]"We believe that once the English court finally has a chance to hear all the facts, a very different picture will be painted."[LNB]Hicks' New York-based spokesman Mark Semer refused to elaborate on whether the battle would be fought in the English courts.[LNB]"We cannot comment on legal strategy," he said.
