Ex-Stobart Boss's Biz Loses £4.6M Claim Over Deal Validity

By Silvia Martelli (May 9, 2022, 4:45 PM BST) -- Stobart Group had a right to end its deal with a business set up to allow its former chief executive to develop business ideas for the British logistics company because his new firm had stopped proposing ideas, a London court has ruled.

High Court Judge Mark Cawson dismissed the £4.6 million ($5.7 million) claim from Andrew Tinkler's Stobart Capital Ltd. on Friday. He found that Stobart Group Ltd. rightly terminated the contract in 2019 because the ex-CEO's company had stopped advancing potential business opportunities.

"In all the circumstances, I am driven to conclude that by 19 March 2019, [Stobart Capital] had,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Read the full article

Already a subscriber? Click here to login