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Court of Appeal sets aside a portion of a High Court costs ruling that held the first defendant personally liable for costs incurred in litigation concerning the management of a ward of court's funds, and instead orders that the plaintiffs be awarded 20% of their costs for this period against a stockbrokers partnership on a joint and several basis, excluding the seventh and eleventh named defendant, on the grounds that: there was no legal basis for singling out the first defendant, the former managing partner, for personal liability when the obligation to account rested with the firm as a whole.
Bloxham Stockbrokers Partnership - ward of court - fund management - costs ruling - personal liability - Court of Appeal - fiduciary duty - account obligation - managing partner - expert analysis - joint and several liability - litigation costs - High Court judgment.
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