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FCA wins appeal in BlueCrest $700m redress scheme case
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Back in July, three senior judges at the Court of Appeal heard a legal challenge from the FCA over the Upper Tribunal's decision to rule in favour of billionaire Michael Platt's hedge fund and reject the regulator's demand for investor compensation. In a ruling published on Wednesday (3 October), judge Andrew Popplewell said the FCA is «entitled in an appropriate case to impose redress for loss of a kind which is not recoverable in the courts». FCA resumes legal dispute with hedge fund BlueCrest over $700m redress scheme The financial watchdog said in a statement that the ruling ha...
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