Interesting thought but banks did due diligence only for themselves primarily based on S&G credit history and considered ability at the time to repay loan. Banks were not contracted by S&G for DD and have zero liability to S&G. On the other hand the DD experts who S&G paid millions of dollars for their advice have their neck on the chopping block. I don't think claims will go away but will be aggressively pursued.
- Forums
- ASX - By Stock
- SGH
- Ann: SGH advises Watchstone Group Plc of claim under SPA-SGH.AX
Ann: SGH advises Watchstone Group Plc of claim under SPA-SGH.AX, page-89
-
- There are more pages in this discussion • 297 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some