Ann: Business Update, page-6

He clearly has a made a good argument around his fiducary duty as trustee to the cases he was allocated while at CI1, because insolvency and bankruptcy is quite serious and an intimate processes it is attached to the trustee a person not an organisation.

To break this down theres a few things to take away from this.
-jimmie may have a good argument to keep some of the cases (circumstantial to the certain case)
-Complete breakdown in negotiations and no foresight from management at CI1 around jimmies trustee cases and how that would move forward.
-Gauranteed to be loosing money from the cases jimmie keeps if any, and the inability to get new cases while this continues.

The way it looks now they would've been better to have negotiated with jimmie and find a middle ground on the cases so CI1 could keep operating normally and take it as colleatoral damage but no management and jimmie are in capable off that clearly.

IMO bad news