Marketing Cos. Can't Withdraw Admissions In FCA Share Suit
Law360, London (January 25, 2019, 9:53 PM GMT) -- A London judge has said that two finance marketing firms and their directors can't take back admissions made in a Financial Conduct Authority case accusing them of making false claims during the sale of shares to rejuvenate the brand behind one of Britain’s biggest music store chains.
In a four-page order on Jan. 22, Chief Master Matthew Marsh denied the joint request to withdraw unspecified admissions Miller & Osbourne Ltd., Venor Associates Ltd. and directors Clive Harris Mongelard and Tyrone Miller made in the case.
Instead, the chief master ordered the firms, Mongelard and Miller to pay a combined £340,000 ($447,800) in interim...
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