Prince Harry may lose millions ‘like a fool’ regardless of the outcome of the lawsuits
It appears that Prince Harry is involved in multiple lawsuits related to phone hacking and other illegal practices against three major newspaper groups in the UK: News Group Newspapers (owned by Rupert Murdoch), Associated Newspapers (publisher of the Daily Mail), and Mirror Group Newspapers.
According to Mark Stephens, a UK-based attorney at Howard Kennedy, Prince Harry could potentially face significant financial costs, regardless of the outcome of the lawsuits. Even if he wins, he may not be able to recover the full amount of his legal costs. Typically, winning parties may recover only a percentage of their costs, often around 60 to 70 percent. Therefore, if Prince Harry spends an estimated £6 million to £10 million on these cases, he may only be able to recover around £6 million, leaving him with a substantial bill for the remaining costs.
Furthermore, if Prince Harry loses the lawsuits, he could potentially be required to pay an additional £6 million to the opposing side. This means that the total cost for Prince Harry, in the event of losing all the cases, could be between £12 million and £16 million.
Mark Stephens also mentions that pursuing legal action can have its drawbacks. By becoming a witness in court, Prince Harry exposes himself to intense scrutiny and attempts by opposing counsel to undermine his credibility. He notes that it is uncommon for a member of the royal family to appear as both the claimant and the primary witness in court, with the last instance occurring in the 1890s.
It's important to note that the information provided is based on the statements of Mark Stephens, and the actual outcome and financial implications of the lawsuits are subject to the legal proceedings and decisions made by the court.
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