Let me be clear I have offered to allow Sefton pay a modest sum, in shares, covering my costs and the damages it owes me for its libellous RNS of 24 February. The company could have been off the hook by now wasting no more of its limited cash on settling this legal battle which it has lost. That would clearly be in the interests of shareholders who have suffered enough already. What or who is stopping this? Bully boy lawyers Pinsent Masons.
Round at Pinsents, Associate Helen Skinner (£500 an hour) has been removed from leading the case and replaced by a partner on £750 an hour ( a Mr. Twomey). And what did they spend the weekend doing? Sending letters to Dan Levi (at £750) an hour demanding that he allow an extension to the disclosure process which Pinsent Masons has already agreed with the Court weeks ago.
It is not as if Dan wants many more documents than the ones he wanted on July 27 when Pinsents agreed to the original timetable. Just one: The opinion of Russell Booker (Pinsents partner) presented to the Sefton board stating that Sefton’s sole witness (Jimmyliar Ellerton) was not credible and that the case would be lost and should be dropped. I am sure Pinsents can find that memo without too much trouble.
I feel sorry for Sefton shareholders and so have offered the company a way out that eases its very tight cash position. Shareholders should be begging their board to accept my offer and tell Pinsents to fuck off and stop billing for what little cash is left in the depleted corporate coffers. I should warn Sefton shareholders that my patience with your board and Pinsents is almost exhausted. At some stage this week I shall be forced to move that the case be dismissed and will then apply for my costs in full and in cash. And that will be followed up with my own libel case against Sefton (it is not disputed now that it libelled me) and a six figure claim for damages in cash. Dan will replicate.
And that will bankrupt Sefton. The greed of Pinsents appears to know no bounds. Surely someone round at the Pinsents bunker knows that companies are there to preserve or create value for shareholders not to fund £2 million Islington townhouses for fucking lawyers?
Sefton - you have 48 hours.