Richard Pease wins two-year dispute with Henderson over unpaid fees

Judgement made by High Court

High profile fund manager Richard Pease has won his case against former employer Henderson, who he said "failed and refused" to pay him £2.7m outstanding of management fees earned during his time at the firm, Investment Week can reveal.

In a judgement this week, the High Court said it ruled in favour of Pease involving two claims. These were that Henderson Administration Ltd (HAL) failed to pay Pease deferred remuneration due to him, in a breach of contract. It found HAL was not entitled to defer payment, and secondly was not entitled to withhold accrued payment once Pease had resigned. A precise amount of damages will be agreed between the parties in another hearing before the judge, expected in the coming weeks. It also found a delay of eight months in the completion of a Scheme of Arrangement transferring the mana...