Appeal by Goldtrail defendant dismissed

The Court of Appeal has dismissed an appeal by Turkish carrier Onur Air against a judgment which found it liable for a £3.64 million compensation claim by Goldtrail Travel liquidator PricewaterhouseCoopers (PwC).

PwC brought a double claim following a three-year investigation in 2014.

At that time former XL Leisure boss Phil Wyatt, his business associates Magnus Stephensen and Halldor Sigurdarson, and Wyatt investment vehicle Black Pearl Investments (BPI), were found liable for a £1.4 million compensation claim. They were not party to the judgment today.

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