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Business
Telegraph 26 Apr 10
Farepak customers are to receive an estimated 15p for every pound they lost in the collapse of the Christmas savings club in 2006. The proposed payout comes after the company’s former directors, who have not admitted liability, agreed to pay £4m in compensation.
While the figure is a 10th of the £40m lost by 120,000 former customers, the 15p in the pound is higher than previously forecast…