Burness Paull is defending a $210m claim relating to legacy business Paull & Williamsons, Legal Business has learned.
The claim, filed by Robert Kidd, former chairman and principal shareholder of oil service firm International Tubular Services (ITS) relates to a private equity investment by US firm Lime Rock Partners into ITS. Kidd, who left ITS in 2013 citing disagreements with the board, is claiming Paull & Williamsons acted for both sides in the investment and used another firm, Ledingham Chalmers as a front for the activity.
