Allianz Global Investors GmbH & Others v G4S PLC

Allianz Global Investors GmbH & Others v G4S PLC

The claimants were the successful party as the application to strike out or for summary judgment was dismissed, but a departure from the general rule on costs was justified because the defendant succeeded on the key legal issue regarding the definition of PDMR and prompted clarification of the claimants' pleadings. The defendant was ordered to pay 50% of the claimants' costs of the application, to be assessed if not agreed.

Parties
Claimants: Allianz Global Investors GmbH & Others; Defendant: G4S PLC
Jurisdiction
England and Wales
Judgment Date
05 July 2022
Procedural Posture
Civil (commercial) / Costs Determination Following Strike Out/summary Judgment Application
Outcome
Defendant to pay 50% of the claimants' costs of the application, to be assessed if not agreed. Defendant to make a payment on account of £97,000.
Legal Topics
Costs, Summary Judgment, Strike Out Applications, Interpretation of PDMR Under FSMA
Civil Procedure Commercial Law Costs Summary Judgment Strike Out Applications Interpretation of PDMR Under FSMA

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 5 Authorities cited 4 Party arguments 2 Amounts and remedies 4
Sign in to unlock

Parties

Allianz Global Investors GmbH & Others

Claimants

G4S PLC

Defendant

Procedural Posture

Civil (commercial) / Costs Determination Following Strike Out/summary Judgment Application

Legal Issues

  1. 1 Who is the successful party for costs purposes after a partially successful strike out/summary judgment application?
  2. 2 Should there be a departure from the general rule that costs follow the event?
  3. 3 What proportion of costs should be awarded given the outcome on the main issues?

Ratio Decidendi

The claimants were the successful party as the application to strike out or for summary judgment was dismissed, but a departure from the general rule on costs was justified because the defendant succeeded on the key legal issue regarding the definition of PDMR and prompted clarification of the claimants' pleadings. The defendant was ordered to pay 50% of the claimants' costs of the application, to be assessed if not agreed.

Court Disposition

Defendant to pay 50% of the claimants' costs of the application, to be assessed if not agreed. Defendant to make a payment on account of £97,000.

Orders

  • Defendant to pay 50% of the claimants' costs of the application, to be assessed if not agreed.
  • Defendant to make a payment on account of £97,000.