Morrison Fortune at Risk in Awg Clash

Summary


THE long-awaited High Court showdown between Sir Fraser Morrison and utility group AWG is now expected to be delayed until February at the earliest, further fuelling expectations that the case could evolve into one of the costliest corporate disputes in British history - and potentially leave the Scottish tycoon close to financial ruin.

AWG is suing Morrison, the former chairman of Highlands & Islands Enterprise and Clydesdale Bank, for "fraudulent misrepresentation" over claims that he inflated the value of his Morrison construction empire before selling it to the water group in 2000.

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Extract


Morrison Fortune at Risk in Awg Clash

Stephen McBrierty, another former Morrison Construction director, is a co-respondent to the claim. Both Morrison and McBrierty vehemently deny the allegatio...

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