HCL legal proceedings move to new jurisdiction
13 July 2012
Legal proceedings previously filed and then voluntarily dropped against Healthcare Locums (HCL) by seven hedge fund, investment and capital firms have resurfaced in a new court, the company announced yesterday.
Fri, 13 Jul 2012
Legal proceedings previously filed and then voluntarily dropped against Healthcare Locums (HCL) by seven hedge fund, investment and capital firms have resurfaced in a new court, the company announced yesterday.
Seven companies – Permian Master Fund, LP; Permian Investments Partners, LP; Arundel Capital LLC; Arundel Long Fund LP; Arundel Hedge Fund LP; Privet Capital, LLC and Flinn Investments, LLC (‘the Plaintiffs’) – are due to serve proceedings against the recruiter and two former directors, with Kate Bleasdale no longer included, in the Supreme Court of the State of New York.As recruiter.co.uk reported on 1 March 2012, these same seven companies originally filed proceedings in the US District Court for the Southern District of New York against HCL and former directors Kate Bleasdale, Diane Jarvis and Alan Walker.
HCL sales and marketing director Claire Billenness tells Recruiter: “They have moved from ‘district’ to ‘state’, as it would seem there was no jurisdiction in the former – but note, the Summons and Complaint have not as yet been served on Healthcare Locums plc therefore we are unable to comment further,” with the company having no further information other than that presented in its statement.
A statement from HCL notes: “The Summons and Complaint allege that Healthcare Locums plc and the named former directors made misrepresentations during 2010 concerning the Company's profitability and its accounting practices.” This is the exact same wording as used by the company when announcing the action taken earlier this year.
These earlier proceedings were dropped last month, with HCL chair Peter Sullivan commenting at that time: "The Board welcomes this decision. The filed legal proceedings were an unwelcome distraction and the board was always of the opinion that the claims were wholly without merit."
Yesterday, he reiterated the sentiment, saying: "The Board is surprised to hear that the Plaintiffs continue to pursue their claim and maintains its opinion that the Plaintiffs' filed legal proceedings are wholly without merit."
Legal proceedings previously filed and then voluntarily dropped against Healthcare Locums (HCL) by seven hedge fund, investment and capital firms have resurfaced in a new court, the company announced yesterday.
Seven companies – Permian Master Fund, LP; Permian Investments Partners, LP; Arundel Capital LLC; Arundel Long Fund LP; Arundel Hedge Fund LP; Privet Capital, LLC and Flinn Investments, LLC (‘the Plaintiffs’) – are due to serve proceedings against the recruiter and two former directors, with Kate Bleasdale no longer included, in the Supreme Court of the State of New York.As recruiter.co.uk reported on 1 March 2012, these same seven companies originally filed proceedings in the US District Court for the Southern District of New York against HCL and former directors Kate Bleasdale, Diane Jarvis and Alan Walker.
HCL sales and marketing director Claire Billenness tells Recruiter: “They have moved from ‘district’ to ‘state’, as it would seem there was no jurisdiction in the former – but note, the Summons and Complaint have not as yet been served on Healthcare Locums plc therefore we are unable to comment further,” with the company having no further information other than that presented in its statement.
A statement from HCL notes: “The Summons and Complaint allege that Healthcare Locums plc and the named former directors made misrepresentations during 2010 concerning the Company's profitability and its accounting practices.” This is the exact same wording as used by the company when announcing the action taken earlier this year.
These earlier proceedings were dropped last month, with HCL chair Peter Sullivan commenting at that time: "The Board welcomes this decision. The filed legal proceedings were an unwelcome distraction and the board was always of the opinion that the claims were wholly without merit."
Yesterday, he reiterated the sentiment, saying: "The Board is surprised to hear that the Plaintiffs continue to pursue their claim and maintains its opinion that the Plaintiffs' filed legal proceedings are wholly without merit."
