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LCG settles legal dispute over cancelled fee sharing agreement

7th November 2013 9:11 am GMT

London-listed spread betting operator London Capital Group (LCG) has settled a lawsuit filed by insurance consultancy Life Settlement Consulting over the termination of a fee-sharing agreement relating to a managed foreign exchange fund, paying £350,000 towards the claimant’s legal expenses.

“LCG has always maintained that the claim was without merit and I am therefore pleased that Integrity has withdrawn all claims,” LCG chief executive Kevin Ashby commented. “We have agreed to make [...]

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