Finance

Company that helps fund legal cases sacks boss for gross misconduct

Published

Company that helps fund legal cases sacks its executive vice chairman for gross misconduct

By Daily Mail City & Finance Reporter

Published: | Updated:


A company that helps fund legal cases has sacked its executive vice chairman for gross misconduct. 

Litigation Capital Management (LCM) fired Nick Rowles-Davies yesterday after the ‘identification of certain expenses claims’ that were made ‘in contravention’ with its policies. 

Rowles-Davies was also removed from the company’s board of directors. 

Changes: Analysts at house broker Investec said they did not think the sacking will have 'a material impact on the business'

Changes: Analysts at house broker Investec said they did not think the sacking will have ‘a material impact on the business’

LCM chief financial officer Mary Gangemi said that the fallout would not significantly impact the firm’s financial performance. 

Analysts at house broker Investec agreed, saying they did not think the sacking will have ‘a material impact on the business’.   

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source: dailymail.co.uk