Maxwell liquidators in Credit Suisse deal

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The Independent Online
Maxwell liquidators in Credit Suisse deal

Maxwell liquidators have reached an agreement with Credit Suisse for the settlement of a legal action brought by the pnesion funds against CS. Under the agreement CS will pay pounds 500,000 to Bishopsgate Investment Management (BIM), the main Maxwell pension fund manager, as well as returning pounds 3m-worth of shares n Teva Pharmaceuticals, an Israeli company.

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