MGN Trustees' second action

On 6 October, the second of the actions commenced by MGN Pension Trustees seeking assets which the Mirror group Pension Scheme lost through the actions of Robert Maxwell comes before Mr Justice Lindsay. This action is against Bank of America and Credit Suisse for amounts up to u60 million, with credit to be given for the u25 million already paid by BoA. The BoA is trying to recover from Credit Suisse sums it paid to the MGN trustees. The case is expected to last three months. The solicitors for MGN Trustees are Travers Smith Braithwaite; for Credit Suisse, Clifford Chance, and for BoA, Rowe & Maw.