Arch Cru: More litigation on the horizon

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The board of the Arch Cru fund cells has signalled its intentions to ramp up legal action against the service providers behind the investments.

So far, SPL Guersey ICC has launched claims at the English High Court against investment manager Arch Financial Products and the firm's chief executive, Robin Farrell, while summons have been issued in Guernsey against other former directors and the former administrators. In an update to investors on Monday, SPL chairman Hugh Aldous explained how the board would continue to pursue other parties. "We have more actions to launch against other service providers," he said. "The key to resolution will lie principally with insurance companies since all the actions are against parties wit...

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