Neil Woodford is due to face the High Court as a witness for Andew Tinkler, former chief executive of infrastructure company Stobart, who is being accused of breaching fiduciary duties as a company director.
Tinkler, a long-standing ally of Woodford, was sacked earlier this year as executive director of Stobart before attempting to oust chairman Iain Ferguson. Woodford backed Tinkler in the unsuccessful campaign to vote Ferguson off the board in Stobart's AGM in July, which the company claims was part of a lucrative plan to buy a stake in its airline business. The fund manager will be cross-examined by Stobart's barrister, who alleges he, Tinkler and Philip Day, the Edinburgh Woollen Mill owner, planned to form a consortium that would have had a 30% share of the business "at no cost … to t...
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