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...

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