Ethos Action Update

The liquidator had brought a claim against the former workers of Ethos (in Liquidation). Following a two day hearing in April 2024, this was dismissed on the basis that the requisite intent needed for the purposes of section 423 of the IA 1986 had not been demonstrated: Christopher Purkiss (as Liquidator) v Tim Kennedy and Others CR-2018-010778.

This completes the Hat Trick. The respondents, represented by Setu, had previously made a strikeout application which was successful in relation to one of the two claims: Hall (Liquidator of Ethos Solutions Ltd) v Nasim & Ors [2021] EWHC 142 (Ch) (04 February 2021) .

In April 2022, the Liquidator, on having had sight of the respondents’ response to his remaining claim, sought to amend it. Following a four-day hearing, the court refused this application too for multiple reasons: Christopher Purkiss v Tim Kennedy and others [2022] EWHC 3098 (Ch).