Kieran Corrigan & Co Limited v Onee Group Limited & Ors

Kieran Corrigan & Co Limited v Onee Group Limited & Ors

The parties would have entered into a deal for the use of the confidential information, with the Claimant receiving 40% of gross receipts after introducers' fees. Damages are awarded on this basis, amounting to £3,480,000. There is no basis for awarding damages for back-end profits or success fees. Simple interest is awarded at 2% over Bank of England base rate.

Parties
Claimant: Kieran Corrigan & Co Limited; First Defendant: OneE Group Limited; Second Defendant: Bashir Timol; Third Defendant: Dominic Slattery; Fourth Defendant: Timothy Johnson
Jurisdiction
England and Wales
Judgment Date
16 August 2024
Procedural Posture
Civil (breach of Confidence, Unlawful Means Conspiracy) / Inquiry as to Damages Following Liability Judgment
Outcome
Damages awarded to the Claimant against the First, Third, and Fourth Defendants.
Legal Topics
Breach of Confidence, Unlawful Means Conspiracy, Damages Assessment, Negotiating Damages, Confidential Information, Joint Venture, Interest on Damages
Equity Commercial Law Confidentiality Tort Breach of Confidence Unlawful Means Conspiracy Damages Assessment Negotiating Damages +3 more

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Parties

Kieran Corrigan & Co Limited

Claimant

OneE Group Limited

First Defendant

Bashir Timol

Second Defendant

Dominic Slattery

Third Defendant

Timothy Johnson

Fourth Defendant

Procedural Posture

Civil (breach of Confidence, Unlawful Means Conspiracy) / Inquiry as to Damages Following Liability Judgment

Legal Issues

  1. 1 How should damages for misuse of confidential information and unlawful means conspiracy be quantified?
  2. 2 Would the parties have entered into a deal, and on what terms?
  3. 3 Is a notional licence fee or negotiating damages appropriate?

Ratio Decidendi

The parties would have entered into a deal for the use of the confidential information, with the Claimant receiving 40% of gross receipts after introducers' fees. Damages are awarded on this basis, amounting to £3,480,000. There is no basis for awarding damages for back-end profits or success fees. Simple interest is awarded at 2% over Bank of England base rate.

Court Disposition

Damages awarded to the Claimant against the First, Third, and Fourth Defendants.

Orders

  • The Defendants shall pay the Claimant £3,480,000 as damages, representing 40% of gross receipts after introducers' fees.
  • Simple interest is awarded at 2% over Bank of England base rate from time to time, with calculation details to be determined by further submissions if not agreed.