Judge rules both sides to pay own costs in Stavely court battle

Stavely Minerals

11/03/2021 16:20

LONDON, March 11 (Reuters) - A judge ruled British
businesswoman Amanda Staveley's PCP Capital Group and Barclays
 BARC.L  will have to pay their own legal costs, after Stavely
lost her case against Barclays  BARC.L  over how it negotiated a
financial lifeline during the credit crisis in 2008.
    Judge David Waksman said on Thursday he made 'no order as to
costs', meaning both sides will pay their own when Barclays had
suggested it would seek to have PCP pay for both sides following
PCP's defeat in the trial.
    Waksman in February had found Barclays guilty of “serious
deceit” over the deal which offered Barclays a lifeline during
the crisis, but denied Stavely damages and dismissed her claim.
 urn:newsml:reuters.com:*:nL1N2KW18H
    Stavely incurred costs of nearly 20 million pounds in
fighting the case, court documents showed.

 (Reporting By Lawrence White)
 ((lawrence.white@thomsonreuters.com; +44 20 7513 5083; Reuters
Messaging: @ReutersLawrence))