Davis Woolfe is assisting the claimants, who had instructed a firm of solicitors in London called Jirehouse. Jirehouse was intervened by the SRA in May 2019 and Mr Stephen David Jones (one of the partners at Jirehouse) was committed to prison for contempt in 2019. In or around 2017, a third party transferred USD$5 million to Jirehouse on behalf of our client. However, unauthorised transfers were made from the claimants’ account which had not been authorised by or communicated to our clients. As a result, our clients have brought a claim in order to recover its losses. The defendant is the professional indemnity insurer which provided the primary layer of cover, of £3 million per claim, to Jirehouse at the times relevant to the Claimant’s claims. Given Jirehouse has entered into insolvency, the claimant stands in the shoes of Jirehouse as against the defendant insurer pursuant to the Third Parties (Rights Against Insurers) Act 2010.