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Originally Posted by Mr K
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Rees-Mogg said that SCM had funds based across the world and that “people outside the EU are used to Irish domiciled funds”. The warnings in the prospectus, he said, were “not a policy statement by SCM”, but guidance to investors that was drafted by lawyers.
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No different to this.
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Popular mobile firms including Blackberry, EE, Nokia and Vodafone have warned shareholders about the potential cancer risks of phones - but haven't told customers.
They have told investors that if research finds links between their products and the disease that they could be sued by customers.
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They're not saying it will happen, but they have to cover their backsides by saying it might.
He only owns 15% or so of the firm, so it's NOT his firm as such.