Tuesday, November 18, 2014

Rob Terry steps down as chairman of Quindell

Following a flurry of media activity aimed at explaining why Rob Terry and others borrowed money to buy back shares in Quindell, the man himself has quit. This has left many questions unanswered but one question did pop up on an FT.com blog post today.

What would the Solicitors Regulation Authority (SRA) do if a firm like Quindell ever went under..?

They own law firms that manage up to 100,000 claims between them. How would the SRA cope if this type of ABS entity went belly up..? I can only imagine and let us hope that it never comes to pass.

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