UK judge rules pension losses lawsuit should have happened in Gibraltar

Mark Battersby
clock • 1 min read

More than 60 investors were unable to sue a pension scheme trustee for recommending "inappropriate" investments after a UK High Court ruling on 13 October that the lawsuit should have taken place in Gibraltar, according to Law360. The investors who transferred their employer pensions into investment schemes operated by Castle Trust & Management Services Ltd should have sued the trustee overseas and not in the English courts, High Court Judge Jonathan Russen said. The English courts had no jurisdiction over the claimants' negligence lawsuit accusing the trustee of mismanaging their inv...