Just 1% Of Savers To Get Money Back In Minibonds Scandal
Law360, London (January 9, 2020, 12:22 PM GMT) -- Only 159 out of 11,600 savers who invested in London Capital & Finance PLC, a failed minibonds provider, will definitely get money back, Britain’s bankruptcy compensation scheme said Thursday.
A small group of bondholders, just 1.4% of the total minibond customers of the failed company, will definitely get money back, the compensation program said. (AP) The Financial Services Compensation Scheme said it will pay redress to the small group of bondholders, who make up just 1.4% of the total minibond customers of LC&F. The company failed in January 2019, leaving investors facing estimated losses of up to 80% on £236 million...
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!