Magic circle firm Linklaters has been hit with a negligence claim by a former shareholder at Arsenal Football Club, it has emerged.
A claim, which simply stipulates that the firm is liable for professional negligence, was filed at the Commercial Court in London earlier this summer. No further details are included at this stage. Accountancy firm Deloitte has also been targeted.
Businesswoman Bracewell-Smith is a former shareholder at the Premier League club. Until 2011, she owned a 15.9% stake in the club and was also a former non-executive director. She is represented by London firm Gordon Dadds.
Linklaters advised her on the sale of her shares to Kroenke Sports Enterprises, the company controlled by US businessman Stan Kroenke who is now the club’s majority shareholder. In 2013, Bracewell-Smith tweeted that she ‘deeply regretted’ selling her shares to Kroenke.
Linklaters declined to comment.
Gordon Dadds has been approached for comment.