MFS mfs limited

litigation, page-9

  1. 539 Posts.
    IMF are gunning for the insurance money. They have probably ascertained that there is directors'and officers'insurance in place. Can anyone confirm. Peacock probaly ensured it was in place for himself - Kroger would have recommended it.

    Chasing insurance money is IMF's core business in companies that have no assets.

    A compromise with the insurance company pays them their costs, a nice fat premium and a scalp. Not much left for the shareholders since the whole thing is compromised to ensure their fees are paid.

    Also, JimiHendrix2 may well be correct about how the EGM will be run (don't be late, it could all be over!) - some prior enquiries/assurances would be in order.
 
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