IN BRIEF: Tavistock criticises Titan's comments on court hearing
Tavistock Investments PLC - Ascot, England-based financial advice and investment management firm - Responds to comments from Titan Wealth Services Ltd and Titan Asset Management Ltd regarding the outcome of a UK court hearing on Thursday last week. Tavistock previously announced on Tuesday that the court ruled in its favour "on all matters", allowing it to expand counterclaims relating to alleged misuse of its model portfolio service and rejecting Titan's attempts to strike out parts of the case. Court also ordered Titan to pay an interim amount of GBP250,000 toward Tavistock's legal costs. Tavistock says Titan responded, saying: "We respect the court's decision that, procedurally, the defendants have satisfied the low threshold required to introduce into their pleading the amendments Titan has been contesting. Titan nevertheless maintains that the defendants' counterclaims are factually and legally flawed and are likely to fail at the trial, which remains listed to take place in the summer of 2027." Read More