The Law Soc Gazette details the dramas
Embattled law firm owner RBG Holdings has issued a public attack on its largest shareholder, accusing him of ‘offensive behaviour unbecoming of a solicitor’.
In a statement to the London Stock Exchange, the company alleged that Ian Rosenblatt had breached the terms of his consultancy agreement and restrictive covenants through manoeuvres to set up a rival firm. The notice said Rosenblatt’s consultancy agreement had been terminated with immediate effect.
Rosenblatt issued a requisition notice at the end of last year demanding that three members of the RBG board be replaced.
Speaking to the Gazette today, Rosenblatt said the RBG statement was ‘one big lie’ and he denied any wrongdoing. In a formal response he also accused the directors of making defamatory statements in an ‘attempt to damage my reputation’.
The latest public row hit the market capitalisation of RBG holdings, with shares on London’s alternative investments market falling by one third.
RBG, which owns the law firms Rosenblatt and Memery Crystal, said in its statement that the board had become aware that Ian Rosenblatt had acquired 100% of the share of a company then known as AWH Acquisition Corp Corporate Limited, an SRA-regulated firm.
That deal was said to be concluded prior to 10 September but the notification was not filed until 20 December. Rosenblatt and Tania MacLeod – a director of RBG until resigning from the board in October – were appointed directors of AWH Acquisition Corp on 19 December. On the same day the company changed its name to Rosenblatt Law Limited.
MacLeod resigned from her employment with RBG earlier this month.
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