Supreme Court declines appeal in landmark Carey pensions case 

Mark Battersby
clock • 1 min read

STM Group, the cross border financial services provider, said on 11 April it had been informed by the Supreme Court that its application for leave to appeal the judgment of the Court of Appeal in the long-standing Adams v Carey case has been declined.  The original case was heard in March 2018 and relates to an investment made in 2012, prior to STM's acquisition of Carey UK Pensions LLP in February 2019, STM said.   "A condition of the acquisition was the indemnity on any claims in the Adams v Carey case, with the benefit of significant existing PI cover held by the vendors.  "The ...

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