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Mark Warminger on abandonment of appeals
Press release on behalf of Mark Warminger on abandonment of appeals
31 July 2017
“The FMA and I have agreed to
abandon the appeal and cross-appeal filed in the Court of
Appeal, the proceedings are now at an end. Whilst I do not
agree with the High Court’s decision that in two causes of
action (out of ten brought by the FMA), I manipulated the
market in certain shares, I must accept the irrevocable
impact that the decision has had on any career that I might
have continued or
pursued in the financial markets. In
addition, I face a long recovery from a health issue that
makes it sensible to put this matter behind me and allow me
to focus on something other than continuing litigation. I
will not be making any further comments.”
Marc
Corlett QC
Counsel for Mark
Warminger
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