If you’re a regular follower of our posts then you’ll know we’ve been reporting on this case for a while.
LCF’s collapse came with a £237 million price tag for its investors, and a £120 million compensation bill for taxpayers.
Administrators are now seeking to recoup £177.5m in damages for LCF’s creditors, as well as calling for an independent inquiry into the Financial Conduct Authority’s supervision of the business.
#civilfraud #insolvencylaw
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