Langbar International

G2

I still take the view that without the various reports being visible (the SFO documents will never be public - the police don't publish their case files), it is premature to try sue anyone.

IMO...the fact that Pearson did his own due diligence, fucked it up and lost his company as a result would be ground for Langbar Capital holders to sue him...I don't see why Crown/LGB shareholders have a case against him because of the DD Who was he working for when he did it?

There is a way of a difference between doing a job badly and being negligent...I have seen plenty of major IT jobs that have been truly diabolical but legal opinion has always been the same...not negligent....sue under performance failure not negligence.

Lambert is 2 different things. There is a management body and a pension trust. My guess is that the pension trust that has lost money will also be looking for recompnse from someone - there is a fine chance that they may have been the major losers in this as the whole thing may have been an effort to syphon $660M from the trust...LGB holders were collateral damage.

We still don't know what happenend - the LGB price is the end result of the process. We need to know what the steps were, who was involved and who had a duty to whom at each stage and, if they discharged it. Then and only then can anyone point fingers with safety and decide how they might recover their money

Bluff, bluster, typing in capitals, throwing racial slurs and accusing everyone in turn of fraud and negligence is a complete waste of time and detracts from where punters need to be. There is a business case to be prepared.....costs v expected benefits...we don't have any of the info required to do that analysis - what is happening at the moment is sheer silliness.