I Agree

We have updated our Privacy and Cookie Policy. By clicking "I Agree" below, you acknowledge that you accept our Privacy and Cookie Policy and Terms of Use.

PLEASE TELL US A LITTLE ABOUT YOURSELF SO THAT WE CAN DISPLAY THE MOST
APPROPRIATE CONTENT TO YOU:

This site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about cookies used on Trustnet and how you can manage them, see our Privacy and Cookie Policy.

By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms of Use.

For more information Click here

Login

Register

It's look like you're leaving us

What would you like us to do with the funds you've selected

Show me all my options Forget them Save them
Customise this table
Share   Print      RSS

Manchester Bld Soc (MBSR)

Manchester Bld Soc

Permission granted to appeal to the Supreme Court
RNS Number : 4762E
Manchester Building Society
04 July 2019
 

 

This announcement contains inside information

Manchester Building Society granted permission to appeal to the Supreme Court

The Supreme Court has granted permission to Manchester Building Society ("the Society") to appeal the order made by the Court of Appeal in the case of Manchester Building Society v Grant Thornton UK LLP.

The Society intends to proceed with the appeal and the date of the Supreme Court hearing will be determined in due course.

The case relates to audit services provided by Grant Thornton UK LLP ("Grant Thornton"), former auditors of the Society.

On 2 May 2018, the High Court awarded damages to the Society but these were considerably below the amount claimed. Costs were awarded to Grant Thornton. On 30 January 2019 the Court of Appeal upheld the first instance judgment.

The person responsible for arranging the release of this announcement on behalf of Manchester Building Society is Mark Winterbottom, Society Secretary.

Enquiries:

Andy Donald - Maitland

020 7379 5151

adonald@maitland.co.uk

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCKMGGNKDGGLZG
Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

You are currently using an old browser which will not be supported by Trustnet after 31/07/2016. To ensure you benefit from all features on the site, please update your browser.   Close