Strategic Finance receiver extends deadline for directors’ deal as it looks at another claim

Thu, 04 Jul 2013

By Paul McBeth July 5 (BusinessDesk) - The receiver for Strategic Finance has pushed out its deadline to cut a deal with the directors of the failed lender as it begins talking to a third party about settling a potential claim. PwC’s John Fisk has “effectively” completed a deal with Strategic’s directors over potential breaches of the Companies Act, but has put the deadline on hold while he enters “without prejudice discussions” with a third party who may face a separate claim, he said in his latest report to investors. If the talks with th...

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