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Stobart provides update on legal proceedings against former CEO Tinkler

Friday, 17th May 2019
Southend Airport owner Stobart Group said the UK's High Court has ordered former chief executive Andrew Tinkler to pay 55% of the company's legal costs related to a trial in November.

Tinkler has applied for permission to appeal certain aspects of the judgment handed down on 15 February 2019, the company said.

Tinkler had also brought proceedings in June 2018 against certain Stobard directors alleging defamation and malicious falsehood.

'In a judgment handed down on 15 May 2019, the Court of Appeal unanimously upheld a preliminary decision of the High Court which found that the words complained of were not sufficiently defamatory to give rise to an inference of serious harm under Section 1 of the Defamation Act 2013,' Stobart said.

The case continues in the High Court.




At 3:22pm: (LON:STOB) Stobart Group Ltd share price was -0.9p at 119.5p



Story provided by StockMarketWire.com

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