Lombard Finance receiver still in settlement talks with ex-directors, eyes claim against 3rd party

Tue, 02 Jul 2013

July 2 (BusinessDesk) - The receiver for Lombard Finance & Investments is still in talks with the directors of the failed lender and has started negotiations with a third party it sees facing a claim as it looks to claw back what it can for investors. PwC’s John Fisk is talking to Lombard’s former directors, who were today sentenced to home detention by the Court of Appeal, as they work through “complex factual and legal issues,” he said in his latest report. If the discussions don’t come to a satisfactory conclusion, Fisk said he expects to...

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