The former directors’ lawyers told a case management conference on Friday that the over-riding concern of their clients was what the cost a full-blown trial would entail.
Although the group of fifteen directors, which includes former finance director, Chris Headdon, have secured £5m to spend on their defence, it is not expected to be nearly enough.
A preliminary strike-out application brought in the Ernst & Young and Equitable litigation had cost more than £1m in legal fees. The expense of a full trial would run to many times that figure.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
Hundreds of jobs are secure after Spectrum Contracting has been sold out of administration to Minstrell Recruitment by FRP Advisory
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
The Practitioner discusses their timesheet militancy, and reaction to someone playing it fast and loose with the details...