Celebrities and bankers among 500 investors suing Ingenious Media

Investors claimed they were misled about investments in the film industry that were deemed tax avoidance by the government, Bloomberg reported. According to court documents, celebrities, as well as dozens of traders and managers from Goldman Sachs, Lloyds Banking Group, HSBC Holdings, Credit Suisse Group AG and other banks, were said to be among the claimants. The number of claimants in the case is reportedly rising but still represents just a quarter of the people who invested in the schemes, said Stewarts Law lawyer David Pickstone. The firm expects to recover about £200m in total. ...