James Morgan QC successful in Northampton Town FC ‘missing millions’ case
- Category: General News
- 24th January 2019
Head of St Philips Business & Property Group, James Morgan QC, who was instructed by Osborne Clarke LLP, successfully acts for Northampton Borough Council in obtaining a £2.3m judgment against Anthony and David Cardoza arising out of their conduct as directors of Northampton Town Football Club.
Following a highly publicised 10-day trial in July 2018 in which the defendants denied all wrongdoing, HHJ Barker QC today handed down judgment in favour of the Council finding that the former directors had acted in breach of their fiduciary duties and were liable to compensate the Council as assignee of the Football Club. He also granted the Council relief under s.423, Insolvency Act 1986 in relation to the transfer by David Cardoza to his wife of his interest in their former domestic property.
A full copy of the judgment can be found here.