RE: Concerned16 May 2023 02:35
If Fox Williams win their case and PFC is ordered to compensate shareholders the hundreds of millions which it is claimed they lost it would be a Pyrrhic victory. PFC would be forced into liquidation and after legal fees, liquidators’ fees and redundancy payments there would be little, if any, money left to distribute to shareholders. One must hope that the court takes a realistic view. Fox Williams will not secure meaningful compensation for their clients. They, themselves, will be the big winner.