London Capital Investors Face Legal Fight To Recoup Funds
Law360, London (August 29, 2019, 12:17 PM BST) -- Administrators for scandal-plagued London Capital & Finance have warned bondholders they will need to bring a "significant number of legal actions" as they attempt to recover more than £236 million ($287 million) that investors are owed.
Administrators have said they could face a “concerted and very likely coordinated” exercise to frustrate efforts to recover money for investors, who have spent more than £236 million ($287 million). (AP)
Smith & Williamson LLP said in an update for 11,600 creditors released Wednesday that administrators probably face a “concerted and very likely coordinated” exercise to frustrate and delay efforts to recover investors' money.
The firm was...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!