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An out-of-court settlement is possible even during the trial, which is intended to establish compensation owed by Boeing to the victims' relatives.

This amount, they understood, would also pay off the balance owed on their old contract.

The litigation centers on how to calculate monetary damages owed by Boeing to plaintiffs.

Defending the material being treated "sensitively and as a management issue", Sir Oliver said he needed to treat Lord Mandelson "as an employee to whom I owed a duty of care".

He said Mr Bloom was "working very, very hard to get all the investors paid back" but that he was frustrated to still be owed money himself several years later.