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Monday, 10 May 2010

Trafigura. Remember them?

You remember that this was the outfit that tried to bring in a super injunction to prevent their transgressions being reported in the House of commons records.

Here and Here

Well they're getting their comeuppance in the from of substantial costs against them.

A record £105 million in legal costs has been claimed by a London firm acting for the victims of the alleged dumping of toxic waste in the Ivory Coast by oil trading giant Trafigura.

The figure dwarfed the previous record of £54 million in the wake of the collapse of BCCI bank in the Nineties.

Mr Justice McDuff approved the confidential settlement in the High Court. Today he was told of the staggering figure claimed by Leigh Day and Co, which compares with Trafigura's costs of £14 million.

Occasionally justice is served.


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