Lombard Finance receivers likely to make claim against third parties, report says

Sun, 10 Jun 2012

By Paul McBeth June 11 (BusinessDesk) - The receivers for failed lender Lombard Finance & Investments has trimmed the top end of expected recoveries, and is likely to make a claim against third parties as they seek to claw back funds for jilted investors, according to their latest report. The receiver continued to investigate Lombard Finance's transactions, and based on "current factual and legal assessment, it is likely that claims will be issued against third parties, with a view to making recoveries for the benefit of investors," PwC's Jo...

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