Wilson PonThe Former Northern Rock Shareholders Defeated in the Previous Appeal!
September 19th 2011 08:04
Many shareholders are starting to suffer, when the company they’re invested didn’t gain any profit or having the bankruptcy crisis.
Today’s topic is focusing on the former Northern Rock shareholders, which have lost their appeal in the latest stage of their challenge to the government’s compensation plan!
The shareholders had already appealed their frustration against a High Court in February. The main purpose of the appeal is to refuse a judicial review of the fairness of the government’s scheme. They’re requested for a fair compensation.
For your information, the Northern Rock have nearly bankrupted in 2007, due to the unsubstantial credit crisis. After the unexpected crisis, it has been turned into a nationalize bank in February 2008!
When the bank has been nationalized, the government said that the subsequent valuation for compensation should be totally based on the assumption, which Northern Rock has nothing to do with it!
Because of the above incident, the former Northern Rock shareholders were pissed off and they’d decided to appeal the case to the High Court.
The bad news was the former shareholders had defeated in the appeal. However, the former shareholders said that they won’t give up and will fight for their rights!
Today’s topic is focusing on the former Northern Rock shareholders, which have lost their appeal in the latest stage of their challenge to the government’s compensation plan!
The shareholders had already appealed their frustration against a High Court in February. The main purpose of the appeal is to refuse a judicial review of the fairness of the government’s scheme. They’re requested for a fair compensation.
For your information, the Northern Rock have nearly bankrupted in 2007, due to the unsubstantial credit crisis. After the unexpected crisis, it has been turned into a nationalize bank in February 2008!
When the bank has been nationalized, the government said that the subsequent valuation for compensation should be totally based on the assumption, which Northern Rock has nothing to do with it!
Because of the above incident, the former Northern Rock shareholders were pissed off and they’d decided to appeal the case to the High Court.
The bad news was the former shareholders had defeated in the appeal. However, the former shareholders said that they won’t give up and will fight for their rights!
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