Settlement in Specsavers High Court case

Two long-running High Court cases between Specsavers and four former joint venture partners have been settled before a decision could be reached.

The settlement marks the end of a case which began in November 2013. The multiple was taken to court after it issued purchase orders for nominal share values following alleged breaches of its shareholders agreement. Specsavers denied the allegations and brought a counter claim against the former joint venture partners for alleged fraud and dishonesty. Full transcripts of the claims and counter claims were posted on the website of law firm Akin Palmer.