We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Define incomprehensible?
SallyG
Posts: 850 Forumite
http://citywire.co.uk/new-model-adviser/news/richard-desmond-wins-payout-over-incomprehensible-investment/a790191?ref=new-model-adviser-latest-news-list
"According to defence papers filed by GLG, seen by Bloomberg, Desmond’s lawyers had claimed the investment was ‘incomprehensible except to an expert’. They alleged that GLG failed to warn Desmond that there could be ‘unpredicted, unpredictable or unmanageable losses’. "
Settled out of court.
"According to defence papers filed by GLG, seen by Bloomberg, Desmond’s lawyers had claimed the investment was ‘incomprehensible except to an expert’. They alleged that GLG failed to warn Desmond that there could be ‘unpredicted, unpredictable or unmanageable losses’. "
Settled out of court.
0
Comments
-
I'm with the guy in the comments who'd have him sectioned for investing in the first place. So much for not investing in things that you don't understand.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards