The scandal surrounding Reading, Berkshire-based Keydata Investment Services seemed custom-made for salacious U.K. tabloid headlines. It featured a highflying founder, outsized executive paychecks, massive shareholder losses, allegations of fraud and a company collapse predicated on its peddling of “death bonds,” or repackaged American life insurance policies, which began to backfire when those Americans failed to die on schedule. While it provided fewer juicy headlines, Keydata’s recent courtroom pit stop in R (Ford) v. Financial Services Authority has provided England with much-needed clarity on joint interest privilege.
Key Guidance
