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Rangers Legend Walter Smith sues businessman


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Rangers legend Walter Smith suing businessman for £320,000

 

The former Scotland manager has launched legal action over a pension fund.

Rangers legend Walter Smith is seeking £320,000 from a businessman who invested money on his behalf during the time he was managing Everton.

The former Scotland manager has instructed lawyers to go to Scotland's highest civil court in a bid to recover the cash from Gareth Alexander.

The 69-year-old coach is suing Mr Alexander over sums which were paid into a pension fund in the 1990s.

Mr Smith's legal team will argue their case against Mr Alexander, who lives in Harpenden, Herts, at the Court of Session in Edinburgh later this month.

Their client was also originally suing another financial advisor called Neil Caisley in the action.

However, Mr Caisley, also of Herts, is not contesting the action.

According to legal papers lodged at the Court of Session, Mr Smith claims both Mr Caisley and Mr Alexander agreed to refund him £600,000 in commission fees they received from selling him "financial products".

Mr Smith, of Helensburgh, Argyll and Bute, claims the two men entered into an agreement with him over the refund in March 2012.

However, he claims to have only received £280,000.

He says the company which Mr Caisley and Mr Alexander was part of went into liquidation and was unable to pay the remaining amount.

Mr Smith's legal team want the court to rule that the two men should pay their client the remaining sum of money.

On Tuesday, a procedural hearing took place at the court before judge Lord Bannatyne. Mr Alexander's legal team wanted the court to make an order for Mr Smith's legal team to hand over documents which they say would help prepare their case.

However, Mr Smith's lawyers asked the court not to grant the order.

Advocate Neil Beynon said the information being sought by Mr Alexander's lawyers wasn't specific enough for the court to grant the order.

He added: "I would submit this remains a fishing diligence."

David Thomson QC said the information being sought by his client was important and that the court should grant his request.

The court had earlier refused a request for Mr Smith to hand over information.

But Mr Thomson said that he had received new information from witness statements.

He said this meant that the court should grant an order which would mean that Mr Smith would have to comply with the requests being made by Mr Alexander's lawyers.

He added: "It's my submission that there has been a relevant change of circumstances. This cannot be characterised as a fishing diligence."

Judge Lord Bannatyne said he'd issue his decision on whether Mr Alexander's lawyers should receive the information next week.

He added: "I want to consider the various submissions which have been made."

The full hearing in the case will be held later this month.

 

CoopsLaud likes this
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7 minutes ago, TopCat said:

Don't know much about the legal system but hope Walter gets the money he is due. :tu:

The tim legal experts will be all over this, so I am sure they will give Sir Walter some good advice over the internet. As we all know tims are experts in all thing financial relating to Rangers in any way,so it will be fine.

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4 minutes ago, ZZed said:

The tim legal experts will be all over this, so I am sure they will give Sir Walter some good advice over the internet. As we all know tims are experts in all thing financial relating to Rangers in any way,so it will be fine.

:lol:

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2 hours ago, Drunk and disorderly. said:

Trying to rob anyone of part of their pension is despicable.

Hope Alexander will be pressurised by good minded people now that his con is common knowledge.

 

The irony is dripping from that comment, when gauged against our very own pension turn over merchant in the chair ! 

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10 minutes ago, Drunk and disorderly. said:

Nae bother Bawsburst. If you have issues with Dave bore him to death with them in future not me. 

I feel your embarrassment at walking straight into that particular door, I note also your friend who is constantly referred to when people are unable to face salient facts, ED tells me the fellow was quite a thorn in the side of the king cheer leaders, you may eventually catch on to king's MO , but somehow I doubt it.

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28 minutes ago, backup said:

I feel your embarrassment at walking straight into that particular door, I note also your friend who is constantly referred to when people are unable to face salient facts, ED tells me the fellow was quite a thorn in the side of the king cheer leaders, you may eventually catch on to king's MO , but somehow I doubt it.

I support Rangers not King or anyone else. You have a high opinion of yourself for a boring wee man with no friends.

You have derailed yet another topic with your attention seeking.

Do one you sad prick.

piperpete and VentyFour like this
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Just now, Drunk and disorderly. said:

I support Rangers not King or anyone else. You have a high opinion of yourself for a boring wee man with no friends.

Do one ya prick.

I am pretty certain you did one yourself with that door you walked into, have an enjoyable evening. 

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9 minutes ago, Drunk and disorderly. said:

I support Rangers not King or anyone else. You have a high opinion of yourself for a boring wee man with no friends.

You have derailed yet another topic with your attention seeking.

Do one you sad prick.

Yassss intae him.

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