Aidan Casey KC achieves a significant High Court victory for the Kingdom of Sweden, the Swedish Pension Agency and over 46,000 pension savers affected by the ‘Falcon Fund Fraud’.

This fraud, along with the related 'Optimus Fund Fraud' (on which Aidan secured summary judgment in 2022 from Foxton J (judgment here), was one of the largest, most systematic attacks ever inflicted on the Swedish pension system.

The court’s decision, given by His Honour Judge Pelling KC on 8 July, confirms a total award of €107 million for the Swedish Pension Agency, inclusive of interest, along with £5.5 million payment for costs. The latest ruling will enable further recoveries from the defendants which will ultimately benefit Swedish pension savers.

Aidan was instructed by Hannah Blom-Cooper, Mehmet Karagoz, Bethany Histed, and Tina Kang of Greenberg Traurig, LLP, leading Charlotte Thomas of Brick Court Chambers.

View the full judgment here.