Shareholders who lost money when insurance firm Claims Direct went into receivership could now take action to recover their losses.
Up to 7,000 investors have been invited to act against the company, which advertised no win-no fee in its compensation cases, in what could become one of the largest lawsuits of its kind.
Claims management company Judica has set up the Claims Direct Action Group and already has hundreds of disgruntled shareholders registered.
The company now plans to help investors bring a compensation claim for the drop in share price.
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