Define incomprehensible?
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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.
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Comments
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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
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