This should be fun. Share price down to 190p today on the back of the news of the High Court action.
Stobart Group Dispute With Former CEO Set For UK High Court
[ 12 Nov 2018 09:15 ]
LONDON (Alliance News) - A UK judge is preparing to oversee a High Court battle involving a multimillion-pound infrastructure business which started up in an isolated Lake District village half a century ago.
Bosses at Stobart Group PLC, which began life when founder Eddie Stobart went into business as an agricultural contractor in Hesket Newmarket, Cumbria, in the 1960s, have sued former chief executive Andrew Tinkler.
They say Tinkler conspired with other businessmen to harm the company's interests.
Bosses have also have made claims about money spent on air travel, and want a judge to rule that he was lawfully dismissed.
Tinkler, who was chief executive of the business between 2007 and 2017, denies wrongdoing, saying he was removed for no good reason, and has counter-claimed.
Judge Jonathan Russen is set to start overseeing a trial in London on Monday.