sur Funding Circle Plc (isin : GB00BG0TPX62)
Funding Circle Clarifies Legal Proceedings Following Media Report
Funding Circle Plc issued a response to a recent article in the Times that apparently affected its stock price. The article focuses on a court case involving two loans that defaulted in March 2020, which were subsequently sold to Azzurro.
The company emphasized that there is no question regarding the general enforceability of loans and personal guarantees on their platform. It is confirmed that the loans were legitimately entered into and that money is owed under these personal guarantees.
The matter is proceeding to a full trial, and Funding Circle expresses confidence in Azzurro’s potential success in the proceedings.
R. P.
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