Revealed: Latest list of FSCS Keydata lead defendants

The list - drawn up by the High Court in October - includes 17 firms, two of which have settled to avoid trial, and 15 of which will be pursued for trial at a later date unless they decide to settle beforehand. The firms were chosen on the basis of their ability to afford the case against them. They were selected from a pool of 63 firms the FSCS is now actively pursuing for settlement, all of which have Keydata claims against them worth more than £100,000 but do not necessarily have insurance to cover the action. A case management conference (CMC) held on 7 November heard all firms...