the legal challenge

Molby · October 4, 2010

'legal challenge'

it's crept in to our vocab like 'due dilligence'

hands up who has ever used that term until about 2 months ago

anyway, can someone explain it ?- supposedly RBS want G and H out....let's say they do

if so then then there are two problems

1 potential PR situation if they end up owning us

2 'legal challenge'

what is the legal challenge? - I don't understand it; how would they be subject to a legal challenge and more importantly, how would it play out? i.e. what do they get sued for and what are the financial penalties? really, how bad can they be? don't G and H have to prove a consequential loss or something? in reality their losses would depend on interest rolling up at the indulgence of RBS until new financial models exist other than the stadium - like internet based tv money or other forms of rocket science...seems impossible to mount a credible law suit based on such a flimsy proposition

Edited October 4, 2010 by Molby

Lee W · October 4, 2010