John Heugh wins litigation against CTP, page-8

Hello CTP Holders

There seems to be a lot of gnashing of teeth regarding the company's liability in the John Heugh litigation. Can I offer some observations regarding the financial implications of the judgement against CTP. Maybe they will help.

It is my understanding that the company is insured in respect of this form of liability. On 2 occasions CTP announcements have referred to the fact of an insurance company being involved. The last reference was the announcement of 5 Sep when the last paragraph said that CTP would discuss an appeal with its insurers.

In such cases the insurance company pays the judgement sum, the costs ordered against the company and pays the professional charges of the lawyers who defended the insured company (CTP). That is the reason why I have had no concerns about the matter.

I would be happy to be corrected if somebody knows more than I do.