Fashion mogul loses AllSaints stock fraud claim

By Silvia Martelli (April 8, 2022, 4:30 p.m. BST) – A court has barred embattled fashion mogul Kevin Stanford from continuing to challenge a deal to sell his shares in the AllSaints chain to a private equity firm, ruling on Friday that The retail entrepreneur could not prove that he was fraudulent.

Clare Ambrose, sitting as Deputy High Court Judge, said Stanford had failed to provide sufficient evidence that he had been ‘fraudulently induced’ to transfer his shares in the high street brand to a company of capital investment.

The judge granted an injunction to Lion/Heaven UK II Ltd., preventing Stanford from claiming that the 2011 agreement is void….

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

Comments are closed.