Investors suing Capita for compensation over the failed Arch Cru fund range are writing to up to 40 wraps and platforms asking them to pass on details of their action to clients who were also invested in the collapsed funds.
Any investor who has not accepted a compensation offer made by Arch Cru authorised corporate director Capita Financial Managers - which investors claim is a derisory 14p in the pound - can join the case launched by solicitors Harcus Sinclair on behalf of 900 claimants. Investors are arguing that Capita owed them a common law duty of care to safeguard their money and that it failed in this regard. The Arch Cru fund range was suspended in March 2009 by the then regulator the Financial Services Authority (FSA) following a warning that it could no longer trade due to pricing and liquidity...
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