The breakaway Langbar shareholders who launched a £3 million claim against the company and its former directors are to wait until November before deciding what to do next. November is when a trial has been scheduled for the company’s own against its former directors.

The 132-strong group opted out of that action, deciding to go it alone by hiring litigation expert David Greene, a partner at solicitors Edwin Coe. But Greene has told Shares he wants to see what happens in the November trial first.

The company’s action, which 849 private investors have signed up to in exchange for 25% of Langbar’s net assets should the action be successful (there are £33 million worth of frozen assets in dispute) is on course for a November hearing.

At last month’s AGM new Langbar chairman David Buchler told investors of the former Aim-listed company he was ‘confident’ of a successful outcome.