Shakeshaft drawn into legal claim

Share this article
0
Have your say

The trustees of a Scottish investment syndicate have raised a legal claim for more than £460,000 against former and current members of its board over the backing of a Dundee door manufacturer.

Symphony Equity Investments alleges that the defendants, including former Archangel chief executive Peter Shakeshaft, breached a restriction which said they could not invest more than 
£1.1 million in a single company without obtaining written approval. The case in the Court of Session is before Lord Hodge who has asked the parties to consider his initial findings.

Back to the top of the page