rocky1
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Post by rocky1 on Feb 15, 2020 10:01:14 GMT
who is this company employee creditor kier*n Oc*nner who is owed £6 million? and what would former pa*l col*s be owed money for.?
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geoff
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Post by geoff on Feb 15, 2020 13:34:41 GMT
who is this company employee creditor kier*n Oc*nner who is owed £6 million? and what would former pa*l col*s be owed money for.? Kieran O'Connor was appointed Lendy's Chief Financial Officer in July 2018 (see here). Whether he jumped or was pushed, he was replaced in December 2018 with Paul Thompson who formed part of the newly appointed board, disbanded three months later (see here).
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Feb 15, 2020 14:38:10 GMT
who is this company employee creditor kier*n Oc*nner who is owed £6 million? and what would former pa*l col*s be owed money for.? As they are listed as preferential creditors it can only relate to unpaid wages or holiday or, more likely given the size of the claim, they have some legal claim against Lendy over their employment as 'tort victims' are also preferential creditors AIUI
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quidco
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Post by quidco on Feb 15, 2020 14:44:15 GMT
who is this company employee creditor kier*n Oc*nner who is owed £6 million? and what would former pa*l col*s be owed money for.? As they are listed as preferential creditors it can only relate to unpaid wages or holiday or, more likely given the size of the claim, they have some legal claim against Lendy over their employment as 'tort victims' are also preferential creditors AIUI £6m is a lot of money for an employee claim?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Feb 15, 2020 15:16:05 GMT
As they are listed as preferential creditors it can only relate to unpaid wages or holiday or, more likely given the size of the claim, they have some legal claim against Lendy over their employment as 'tort victims' are also preferential creditors AIUI £6m is a lot of money for an employee claim? Yep, but I suspect it is just a pick a number indicator. (Remember the SOA was provided by LB & may not reflect reality)
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quidco
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Post by quidco on Feb 15, 2020 15:21:50 GMT
£6m is a lot of money for an employee claim? Yep, but I suspect it is just a pick a number indicator. (Remember the SOA was provided by LB & may not reflect reality) I was thinking of giving him £6
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IFISAcava
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Post by IFISAcava on Feb 15, 2020 16:56:25 GMT
As they are listed as preferential creditors it can only relate to unpaid wages or holiday or, more likely given the size of the claim, they have some legal claim against Lendy over their employment as 'tort victims' are also preferential creditors AIUI £6m is a lot of money for an employee claim? if they earn a decent financial services salary and are reasonably young then the multipliers are eye watering with the current discount rates for loss of earnings claims.
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one21
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Post by one21 on Feb 15, 2020 18:41:40 GMT
Thinking about it, Lendy are entitled to very little ethically, only Lenders are via invested assets. The law should reflect moral values, or changed if it doesn't.
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MarkT
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Post by MarkT on Feb 15, 2020 18:51:06 GMT
Thinking about it, Lendy are entitled to very little ethically, only Lenders are via invested assets. The law should reflect moral values, or changed if it doesn't.
A barrister friend once said to me 'the law and justice have little in common'. I don't see that changing any time soon.
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one21
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Post by one21 on Feb 15, 2020 19:11:31 GMT
Thinking about it, Lendy are entitled to very little ethically, only Lenders are via invested assets. The law should reflect moral values, or changed if it doesn't.
A barrister friend once said to me 'the law and justice have little in common'. I don't see that changing any time soon.
Hmm, certainly brings it home to what kind of country we're living in. Is Crowd Justice one way perhaps!
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Post by rooster on Feb 16, 2020 21:46:08 GMT
who is this company employee creditor kier*n Oc*nner who is owed £6 million? and what would former pa*l col*s be owed money for.? Kieran O'Connor was appointed Lendy's Chief Financial Officer in July 2018 (see here). Whether he jumped or was pushed, he was replaced in December 2018 with Paul Thompson who formed part of the newly appointed board, disbanded three months later (see here). Seems to me that Kieran O'Connor got his feet under the desk, took a good look through Lendy's transcationaly behaviour, realised if he undertook his role there he'd be dragged off to jail like the rest of Clown and Co (my affectionate name for LB and Co) are soon to be, and scarpered before his probationary period was even finished. Can't really blame the guy, probably regrets even trying to claim the 6m because he has to reassociate himself with the clowns but then 6m is a fair wedge.
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neeps
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Post by neeps on Feb 16, 2020 22:09:47 GMT
who is this company employee creditor kier*n Oc*nner who is owed £6 million? and what would former pa*l col*s be owed money for.? Kieran O'Connor was appointed Lendy's Chief Financial Officer in July 2018 (see here). Whether he jumped or was pushed, he was replaced in December 2018 with Paul Thompson who formed part of the newly appointed board, disbanded three months later (see here). What sort of contract would pay you £6m for 6 months service? Did Liam's finger get stuck on the 0 key when typing that one up? Surely severance would have been negotiated when he jumped ship so I really don't believe there's any chance that'll be paid. All in my humble opinion of course!! Could be another one of Liam's scams of course!! Allegedly!!
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quidco
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Post by quidco on Feb 17, 2020 10:55:48 GMT
Thinking about it, Lendy are entitled to very little ethically, only Lenders are via invested assets. The law should reflect moral values, or changed if it doesn't. I would like to see declarations from the directors of Lendy stating they do not want to receive lenders' savings due to imposition of the waterfall model.
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Post by GSV3MIaC on Feb 17, 2020 11:52:35 GMT
Unfortunately Ly directors are only one of the creditors who would benefit from Ly getting loadsadosh from the undocumented waterfall model. Even if they opted not to benefit there are lots of other creditors who would still want some.
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Post by tomder on Feb 19, 2020 21:02:16 GMT
Is any progress waiting on the result of the "waterfall" court case. Nothing seems to be happening ...
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