The judgement, published on Thursday, says: "Mr Edwards, [counsel for the largest group of claimants] setting out the general case for the claimants, put the argument bluntly: 'As Mr Walters evidence makes clear, this was simply an old fashioned corporate raid that resulted in a number of private equity investors choosing to liquidate a 75-year-old British company, at a cost of almost 6,900 jobs in order to realise a quick and substantial profit.