They have brought claims in fraudulent misrepresentation, arising out of statements made by Ingenious in the promotional material that was used to market a number of allegedly tax efficient film investment schemes. Those schemes were subsequently challenged by HMRC and findings were made in the First Tier Tax Tribunal, subsequently upheld and reinforced on appeal, as to how they were structured and funded. As a result of those findings, our clients have had to repay very substantial sums to HMRC that were previously granted by way of tax relief. Our clients say they would never have invested in the schemes if they had known the truth as to how they were intended to operate. Our clients' claims are fully funded by a well-known litigation funder. The claims have been consolidated with those of two other groups in consolidated proceedings with an assigned judge. The aggregate claim value is likely to exceed £250 million.