RIFC v Sports Direct: No contempt of court - injuction to be discussed in January

[buster. 4,808]

Slightly disconnected but it all helps.

 

Article

'Sports Direct shares plunge as sales growth stalls'

 

More than £500m wiped off retailer’s value as investor warns corporate governance concerns could drive shares down further

 

http://www.theguardian.com/business/2015/dec/10/sports-direct-share-price-falls-following-guardian-working-practices-revelations

Edited December 10, 2015 by buster.

[buster. 4,808]

Grant Russell ‏@STVGrant

King: "Unsurprising. Glad we had a strong judge who saw this matter for what it really is. It was a humiliating defeat for Mike Ashley."

 

King: "I've never witnessed a strong judge really virtually tearing someone apart the way he did today."

 

King: "It was an absolutely humiliating defeat for Mike Ashley. I'm delighted with the outcome."

 

#LayitonThick

[craig 5,195]

Would have been nice to have this judge for the EBT case too

[buster. 4,808]

Grant Russell ‏@STVGrant

Sports Direct v Rangers International Football Club Plc back in this court at 10am tomorrow to receive full judgement and decision.

[craig 5,195]

Grant Russell ‏@STVGrant

Sports Direct v Rangers International Football Club Plc back in this court at 10am tomorrow to receive full judgement and decision.

 

Award costs please Mr Judge. It is the appropriate thing to do when a clearly vexatious application is made and not only your time, but the court's time is wasted. Awarding costs to the defendant SHOULD be a deterrent to future claims without merit (though with Ashley's deep pockets this is unlikely - but even he won't want to be showing up to court and paying 400k every month or so).

[buster. 4,808]

I feel happy in a sort of we've just won a Cup quarter-final way.

 

We live in strange times.........

[Tom Davison 0]

Award costs please Mr Judge. It is the appropriate thing to do when a clearly vexatious application is made and not only your time, but the court's time is wasted. Awarding costs to the defendant SHOULD be a deterrent to future claims without merit (though with Ashley's deep pockets this is unlikely - but even he won't want to be showing up to court and paying 400k every month or so).

"even he............" What you suggests makes sense but as Ashley is a sore loser and very rich, regrettably, suspect that he won't let go.

[buster. 4,808]

This gets confusing, I thought they had gone home.

 

James Doleman ‏@jamesdoleman

Judge says he would advise Mr King to say nothing to the press until he hands down his full judgment

 

Judge says that just because he has dismissed commital does not mean he has 'acquitted' King

 

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James Doleman ‏@jamesdoleman

Court adjourns again until 10am tomorrow.

 

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Wee last minute sting in the tail.

Edited December 10, 2015 by buster.

[buster. 4,808]

Grant's twitter comes back to life

 

Grant Russell ‏@STVGrant

Dave King has been cleared on accusation of contempt. Whether he breached the "gagging order" is a matter which may come to trial in January

[Frankie 8,146]

This gets confusing, I thought they had gone home.

 

James Doleman ‏@jamesdoleman

Judge says he would advise Mr King to say nothing to the press until he hands down his full judgment

 

Judge says that just because he has dismissed commital does not mean he has 'acquitted' King

 

--------------------------------

 

James Doleman ‏@jamesdoleman

Court adjourns again until 10am tomorrow.

 

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Wee last minute sting in the tail.

 

Perhaps badly advised media comment from King but would be strange to dismiss contempt charge before then saying he did breach gagging agreement.