Craig Pike

The pursuer, Robert Kidd, has not lodged an appeal following the Court of Session’s most recent decision.

The firm was one of the defenders in the matter, having acted for private equity firm Lime Rock in a transaction involving investment in International Tubular Services (ITS), Mr Kidd’s oil and gas equipment leasing business.

The claim alleged the firm’s client and other defenders, including the firm, colluded in an unlawful means conspiracy, resulting in a $150 million loss to the pursuer. The claim was dealt with entirely by the firm’s professional indemnity insurers.

In March 2024, a judge in the Court of Session dismissed the claim, ruling there was no such conspiracy and that nothing the defenders did had caused any loss or damage anyway.

Mr Kidd then appealed to the Inner House in December 2024. On 24 April 2025 the Inner House refused the appeal.

Craig Pike, chair and partner of Ledingham Chalmers, said: “The firm has consistently maintained the claims were entirely unfounded – and that position has now been upheld through the full legal process. Throughout, we have emphasised our commitment to the highest professional and ethical standards.

“I’m proud of the integrity our colleagues have shown throughout this long and complex matter, and I’d like to thank clients and advisers for their continued support.”