R&Q faces loss after LMX settlement
Randall & Quilter's (R&Q) settlement with Equitas over modelled losses for £1bn+ of LMX spiral liabilities is likely to lead to a £4mn deficit for 2009, according to analysts.
Nevertheless, the deal is seen as a positive for the UK-based firm by drawing a line under the long-standing dispute. It ends all litigation and arbitrations between Equitas and R&Q (UK) relating to the 1989 Exxon Valdez oil spill and the 1990 Gulf War.
R&Q has not disclosed the terms of...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
