Legal action

  • piratepete
  • 16/10/08 31/05/09
  • a depositor
  • Offline
Posted: Thu, 23/10/2008 - 04:50

My name's Pete and I live in Canberra, Australia. I and my family are British Subjects who have emigrated to the best country in the World. We've "lost" or had stolen $300,000.

Now I'm nothing but a regular bloke but it seems to me if you fall in the street you can sue or make a claim. So when we signed up for our accounts the duty of care of our cash was given to the bank. We had to keep our end of the deal and abide by the rules of the bank. Surely then our money is guaranteed by them through the parental guarantee as this was in operation when we signed up. Besides that they haven't looked after it properly anyway. So where there's blame there's a claim.

If there's anyone out there who wants to go in with me and maybe we can band togeather, get a top QC or simular in London and get them to fight our case for us on a percentage basis. I don't know how to do it but if we start something like this at least a dog's chance is better than letting the bastards get away with it.


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My thoughts on Legal Action

  • Mrs Not Too Happy
  • 12/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 23/10/2008 - 07:19

Yes I agree 100% but perhaps this is a discussion for next week. I think we need to see what happens tomorrow. I'm still looking for something positive from someone in which case such talk is not necessary.

Just a thought that if, say, 200 depositors were to contribute, say £200 each to some sort of legal fighting fund then that's £40k. That would get us going !

Legal Action

  • two time loser
  • 10/10/08 21/06/09
  • a depositor
  • Offline
  • Thu, 23/10/2008 - 07:30

are you aware of Hoppers legal action for in-flight transactions? Contact polly [dot] frost(?)glwrh [dot] co. tel: + 117906 9452. I've joined it and believe itis worthwhile.

Legal Action

  • two time loser
  • 10/10/08 21/06/09
  • a depositor
  • Offline
  • Thu, 23/10/2008 - 19:10

For those still interested in joining Hoppers Legal Action please note email below saying cut-off time is 4.30 PM tomorrow. I believe they will accept people who confirm the cheque for £100 is in the mail or a bank transfer has been made, that is if you still trust banks!

Sent: 23 October 2008 20:18
To: Richard Gore
Subject: Kaupthing Singer Friedlander

Good evening everyone

As of this evening, about 40 people have signed up to the group.

The cut-off time tomorrow is 4.30pm. Anyone who wishes to join after that time will be too late.

Once we have reached that point I will know whose claims I am assessing over the weekend. I will email each one of those people to confirm my instruction but will assume that everyone is happy for me to proceed with assessing and advising on their claim and to be bound by the charging structure I have previously set out.

I will also be able to give a cost estimate for the initial assessment stage to those people once I know how many people are on board.



Richard Gore


Gregg Latchams WRH

7 Queen Square

Bristol BS1 4JE

Tel: 0117 9069424

Fax: 0117 9069459


hopper's case for infligt my swift "paid out" but still in KIOM

  • Anonymous
  • Offline
  • Thu, 23/10/2008 - 19:55

We are more than grateful to "Hopper", who thankfully is "in the know" as he works in the world of finance himself and a very valuable leader in the Action group.

But I contacted his solicitors legal team and wanting to join their action using the Quistclose Case Law re: incomplete chaps and swift transfers. I had actioned two swift transfers on the 7th and 8th.
8th statement says the Swift transfers were "paid out" with the new reduced balance left in the account and 20 pound swift charges, very unfortunately for me I have just had confirmed from Kaupthing IOM that my Swifts were caught up in the backlog and are still in the bank not in the UK clearing bank. The leagl partmenr said they were only dealing with "inflight (in UK Clearing banks) so couldn't take my case. Did others get this response?

Please is anyone part of a legal group legal case RE: another potential legal claim against the funds actioned by Swift & Chaps but still stuck in the IOM? I thought someone else in the forum was following this route does anyone know so i can join this team please?

swift transfers still in the IOM

  • podather
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 23/10/2008 - 20:17

I am in the same situation, I actioned a swift transfer on the 6th, it was only actioned on the 8th, got the reference number to prove it and the funds were verified but not authorised and I have been told they have been moved from my account with KSF IOM into a nostro account in the name of Deutsche Bank but still within IOM. I had an attorney pushing new york for answers but they claim no sign of the funds anywhere so am pretty sure they are still in IOM.
Had already joined hoppers legal action and have advised Richard Gore of my findings, waiting for him to review the case but believe i am still involved. I would imagine a lot of people who believe they have chaps/Bacs inflight will find out that the too are stuck in the IOM rather than KSF UK or RBS.
Was told they were receiving 2000+ withdrawal requests in the last few days, far too many to be keyed onto the system in time
I am still hopeful that hoppers legal action will be relevant for me