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Ex-New Star fund manager to fight for unlimited damages

PATRICK Evershed, the former New Star fund manager who is suing the firm’s founder John Duffield for unfair dismissal, is due to appear in the Court of Appeal today to defend a court ruling that his case falls under whistleblowing laws.

If the ruling is upheld and the case qualifies under the whistleblowing act, Evershed is entitled to potentially unlimited damages from fund manager Henderson, which bought troubled New Star for £115m last year.

Henderson’s appeal follows a lengthy period of to-ing and fro-ing between the two sides after the case was first brought 18 months ago.

Evershed claims to have been unfairly ousted from New Star after reporting Duffield to the firm’s head of human resources for staff bullying. New Star denies the allegations.

The case has not yet received a date to come to court, pending the outcome of the whistleblowing appeal.

Evershed has engaged Laytons Solicitors corporate and commercial partner Rupert Lescher to act for him, alongside Cloisters barrister Daphne Romney QC, a specialist in employment law.

After leaving New Star following the Henderson takeover, Duffield has now set up a new private client venture called Brompton Asset Management.