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WORLDSPREAD DIRECTORS MAY BE SUED
Tuesday August 7,2012 : WORLDSPREAD DIRECTORS MAY BE SUED (Update)
Creditors may take action against directors of failed spread betting company
The repercussions of the spectacular failure of UK internet spreadbetting firm Worldspreads are far from over, according to a report in the Guardian newspaper Monday, which reveals that the company's former directors could face litigation from the special administrators acting on behalf of creditors.
Founded in 2000 and listed on London's AIM market seven years later, Worldspreads was handed over to special KPMG administrators Jane Moriarty and Samantha Bewick earlier this year. The Financial Times reports that the administrators have started compiling evidence after being given the go-ahead by a committee of creditors.
"With the agreement of the creditors’ committee, we have a forensic team collating evidence from a vast swath of data extracted from Worldspreads," Moriarty said this week, noting that once the evidence has been compiled and reviewed, the company’s administrators will consider whether it has a case to recoup creditors’ money through litigation.
Earlier this year the criminal police were called in, but in the absence of further news it appears this option has been dropped.
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Tim Chung Wins MPNPT Manchester -
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MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
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2017 Bodog Super Millions Poker Open -
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