Woodford to face High Court grilling over top ten holding Stobart

Company launching claim against ex-CEO

Jayna Rana
clock • 1 min read

Neil Woodford is due to face the High Court as a witness for Andew Tinkler, former chief executive of infrastructure company Stobart, who is being accused of breaching fiduciary duties as a company director.

Tinkler, a long-standing ally of Woodford, was sacked earlier this year as executive director of Stobart before attempting to oust chairman Iain Ferguson. Woodford backed Tinkler in the unsuccessful campaign to vote Ferguson off the board in Stobart's AGM in July, which the company claims was part of a lucrative plan to buy a stake in its airline business. The fund manager will be cross-examined by Stobart's barrister, who alleges he, Tinkler and Philip Day, the Edinburgh Woollen Mill owner, planned to form a consortium which would have had a 30% share of the business "at no cost … to ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Industry

On the night gallery: Investment Company of the Year Awards 2024

On the night gallery: Investment Company of the Year Awards 2024

Ceremony on 21 November

Investment Week
clock 26 November 2024 • 1 min read
Mansion House speech: What does it mean for the investment and pension landscape?

Mansion House speech: What does it mean for the investment and pension landscape?

Focus on private markets opportunities

Cristian Angeloni
clock 21 November 2024 • 1 min read
PwC: Asset managers look to AI M&A to bolster growth

PwC: Asset managers look to AI M&A to bolster growth

Global AUM forecast to hit $171trn by 2028

Cristian Angeloni
clock 19 November 2024 • 2 min read
Trustpilot