We are pleased to report that following a Mediation yesterday we were able to settle a long-running case where we were funding Office Holders from Deloitte to pursue a misfeasance claim against directors. Manolete had funded solicitor and barrister costs since December  2012 as well as an Expert Report, Court Fees and Mediator costs. Nevertheless, after all costs, the case still resulted in a very significant six-figure recovery by the Company. The adverse cost risk was borne completely by Manolete, thus maximising the recovery to the Company.

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