Source: Daily_Mail
Tom Hicks wins right to sue RBS over Liverpool sale damages
Former Liverpool owner Tom Hicks was told yesterday to 'put up or shut up' in his bid to sue over the club's ?300million sale last year. [LNB]The Texan lost a High Court battle to overturn an injunction preventing him launching legal action in the United States without approval from an English court.[LNB]Mr Justice Floyd said: 'The disputes concern an English asset, duties owed by English directors under English law to English companies and corporate governance arrangements governed by English law.[LNB] Court battle: Former Liverpool owner Hicks granted right to sue RBS for damages[LNB]'I think the time has come when they need to state their case or accept that they do not have one.' [LNB]The judge also criticised the delaying tactics of Hicks and co-ownerGeorge Gillett, both during the sale process to New England SportsVentures (NESV) and in the subsequent months.[LNB][LNB] American dream: John Henry took control of Liverpool last October[LNB]Although Hicks has been granted an opportunity to seek damages fromformer Liverpool chairman Sir Martin Broughton and Royal Bank ofScotland, he failedto overturn an injunction preventing him taking legal action in theUnited States. [LNB]And in another blow to Hicks, the judge dismissed an application tostrike out or stay claims by Broughton, who is seeking damages againstthe American for his actions while he owned the Anfield club.[LNB] Legal threat: Former Liverpool chairman Martin Broughton[LNB]NESV's application to be allowed to join the Broughton action wasgranted, effectively meaning Hicks can be counter-sued by Broughton andNESV.[LNB]A Liverpool statement said: 'We are delighted that Mr Justice Floyd has granted the[LNB]applications requested by Sir Martin, RBS and NESV and that the anti-suit injunction[LNB]prohibiting the former owners from commencing legal actions against these parties outside the EU has been upheld and clarified.'[LNB] Liverpool sensation Sterling casts spell on Dalglish after Europa callJohnson relishing Anfield battle as Liverpool starlets crank up pressureSterling rate set to soar! Liverpool have a five-star secret weapon in RaheemAll the latest Liverpool news, feature and opinion [LNB]
