Tuesday, July 04, 2006

The Scotsman - Business - Lloyd's Names to sue government

re: "INVESTORS in Lloyd's of London - thought to include two members of the Conservative shadow cabinet and a number of prominent business figures - have launched a legal claim against the government for over £1 billion in compensation.
Around 1,100 investors, known as Names, are suing the government, claiming they made heavy losses at Lloyd's because the Treasury, the market's watchdog before the Financial Services Authority, failed to regulate the market properly..."...

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