Embattled Sipp provider Berkeley Burke has been ordered to pay almost £1m to cover the legal costs of investors left out of pocket after making high-risk unregulated investments.

The sum comes from failing to comply with a court order that saw hundreds of claimants take legal action to recover their losses.

The court order obtained by Money Marketing shows Berkeley Burke must cover the interim payment of a group litigation order to the tune of £987, 799.52.

Guildhall Chambers barrister John Virgo obtained a group litigation order for a group of claimants seeking damages against Berkeley Burke for unsuitable investments.

He represented the claimants throughout the proceedings and secured the order, resulting in Berkeley Burke having to pay almost £1m as an interim payment on account of the claimants’ costs as well as the costs of the claimants’ application.

Read the full story

2019-08-14T10:01:06+00:00 August 14th, 2019|

This website places cookies on your device. Refer to our Cookie Policy to see how we use cookies. By continuing to use the site, we’ll assume that you are happy for us to set these on your device. Find out more.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.