Prosecution of ex City Link directors fails
City Link went into administration on the 24th December 2014 resulting in over 2,000 job losses. The prosecutors at BIS alleged that the firm’s former MD, FD, and a non-executive Director became aware that redundancies were inevitable on the 22nd December 2014 but the Secretary of State was not notified until 26th December 2014 when it was lodged by the company administrator.
The Judge ruled that no proposal was made on the 22nd December to make redundancies and that the 3 defendants had every hope of trying to save the company by placing it into administration. Consequently the 3 directors were acquitted of the charge.
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