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Lender can't revive £32M swaps suit against Grant Thornton

Published on: 31 January 2019
Published by: Law360
  • Lender can't revive £32M swaps suit against Grant Thornton

Article summary

Law 360, London: An appeals court rejected Manchester Building Society's (MBS) efforts to hold Grant Thornton liable for £32.7m ($42m) in losses suffered on hedges to the lender's mortgage portfolio, leading the troubled lender to warn that its long-term future remains in doubt. or take a trial to read the full analysis.

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