The listed owner of law firm Rosenblatt is headed towards administration after rescue talks collapsed, the company admitted today.
RBG Holdings had been in discussions with its founder and biggest shareholder Ian Rosenblatt and one other party about securing a solution for the company, embroiled in a boardroom dispute.
But in a statement to the London Stock Exchange today, the board ‘regrettably’ announced that while discussions with Rosenblatt Law Limited – a new entity co-founded by Ian Rosenblatt – were ongoing, talks with the other party had ceased.
The statement continued: ‘Having considered the company’s financial position and the lack of progress regarding the various strategic options explored, it is the board’s…
