The heat is on.
A proposed shake-up of company law could make it easier to successfully sue directors. This means they can no longer afford to be lax in their attitude to directors and officers cover, argues Gary Meggitt.
Only in America could a court document begin The Enron disaster.Lies. Arrogance. Betrayal. These are the opening words of the preamble to a class action started in Texas in April against 38 Enron directors and others. In the same month, the Equitable Life v Bowley & others case began in the UK. The English court documents may lack their American counterparts' purple prose but they still involve vast sums of money. The claim - against 15 former Equitable Life directors - concerns losses
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