BetonSports Shareholders May Sue Advisors

As reported by AFX News: "Shareholders in BetonSports PLC, the British internet gaming group that has been targeted by a US crackdown on online gambling, are considering taking legal action against the company's advisors Evolution Securities and Baker Tilly, the Observer reported, citing unnamed investors.

"They are unhappy that the history of the company's founder Gary Kaplan was not made clear at the time the company floated two years ago.

"However BetonSports has insisted that as he was not a director of the company it was under no obligation to detail his past, which includes a brush with the law over gambling offences in New York, the paper wrote.

"…BetonSports closed down its US business on Friday."

2006-08-14