Bloggs, really don't like your tone towards either LH or SMB....and just what is so wrong about SMB requiring LH to comply with a contract that was negotiated in good faith in 1999? The whole point of that deal was to allow SMB an exit from the business at a time of his choosing within certain time limits. There were no conditions placed on the condition of the business and LH had veto rights over all major decisions and 3 board members at all time. They had all relevant information at all times and have only themselves to blame for the mess that has now occurred.
If there is shame to be apportioned anywhere LH's abandoning of the pension scheme to the PPF takes some matching.