It claimed that it was to pursue an initiative with Jonathan Sugarman, a former liquidity manager, against Unicredit Bank for breaches of regulations, but could not as his career had collapsed and he could not pursue his commitment.
The entity intended to pursue an action against Unicredit Bank using Jonathan Sugarman, a former liquidity manager, for breaking regulations. However, this attempt was unsuccessful due to Sugarman's career collapse and his inability to fulfill his responsibilities.