FOS delays Lehman-linked Meteor claims due to wider probe

The FOS has been investigating complaints from some Prima Growth Plan 7 investors since 2009. They claim Meteor's failure to keep them informed of the downgrade of the Plan's counterparty, Lehman Brothers, caused them a loss beyond the fall in global financial markets in 2008. However the FOS has written to one investor who had over £100,000 in the Prima Growth Plan saying all complaints related the Plans and Meteor are being delayed because they form part of a "greater issue" the Ombudsman is investigating. The letter dated 21 June 2011 states: "As your complaint forms part of a g...