High Court rules against 38 Lehman firms fighting FSD action

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The High Court has ruled against a consortium of 38 Lehman Brothers subsidiary companies fighting to be excluded from financial support directions by The Pensions Regulator.

The 38 firms had been fighting to have the Upper Tribunal reject an appeal to involve them in FSD proceedings. The appeal to hit the 38 firms with FSDs was launched by a smaller group of six Lehmans...

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