LCM backs claim in liquidation proceedings of the Comet Group

Litigation Capital Management is backing a claim in the liquidation proceedings of the Comet Group. At the time of its insolvency, Comet was the UK’s second largest electrical retailer with 239 stores and 6,900 employees. Liquidators from FRP Advisory are bringing a claim against Darty, a multinational electrical retailer based in France, alleging that it received a £83 million preferential payment prior to Comet entering into administration. Read more.