Arch's Farrell hits out at 'deeply regrettable' court case as appeal launched

Farrell and his company Arch FP were successfully sued in mid-December for dishonesty and negligence in the management of the failed Arch cru fund range, by the cells' current board SPL Private Finance. The chief executive and his firm, who represented themselves at trial with the help of chief operating officer Robert Addison, were ordered to pay £2.4m towards the legal costs of the claimants, of which £1.4m is due in January. They were also ordered to pay £24.2m in damages to the cells. But Farrell said he believed the cells had accrued a further £2m in costs "on other issues which ...