Man Group Tumbles on Potential $155 Million Corruption-Case Payout
Man Group said it disagrees with a High Court judgment that the PIFSS is entitled to recover around $155 million from the estate of a former employee and two subsidiaries.
In a statement released late on Thursday, Man Group said it disagrees with the judgment that the PIFSS is entitled to recover around $155m from the estate of a former Man employee and two of its subsidiaries.The ruling by the High Court followed a year-long trial over allegations that Fahad al Raja…