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F1 celebrity Eddie Jordan to pay indemnity costs

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F1 celebrity Eddie Jordan to pay indemnity costs

The recent High Court ruling in the phone hacking related case Jordan v MGN Ltd has highlighted the importance of making serious attempts to settle a case as early as possible in the action.

Jordan , 69, a former F1 team boss and current Channel 4 pundit, was involved in  the careers of many F1 World Champions including Michael Schumacher & Damon Hill.

The case involved Jordan accepting a £15,000 Part 36 offer (a claimant Part 36 offer was made in 2014) shortly before trial, despite the defendant having subsequently made higher offers, including one of £100,000 at a settlement meeting .
As a consequence, it was decided that the claimant’s conduct should therefore attract indemnity costs as the claimant had failed to make a reasonable offer until just prior to the trial date, which had significantly added to the costs incurred.

In his conclusion, The Judge Mr Justice Mann stated:

There was therefore, in my view, a culpable failure to engage in negotiations which would, if conducted more properly, have been likely to have led to a settlement. That is very significant matter

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