Manchester Building Society Permission granted to appeal to the Supreme Court (4762E)
04 Luglio 2019 - 8:00AM
UK Regulatory
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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
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