The legal and the damage done
Independent News & Media spent two full days in the High Court last week, fighting desperately to prevent inspectors entering its doors at the behest of the ODCE. At stake: the media group’s share price, its day-to-day operations, and ultimately its reputation
The operative word was “damage”. Reputational damage, damage to shareholders, damage to the share price, damage to over 800 staff. Damage to day-to-day business operations.
Over the course of the two-day hearing, in which Independent News & Media (INM) sought to deliver a knock-out blow to the corporate watchdog’s move to have High Court inspectors appointed to the media group, damage got namechecked at least 40 times, maybe more.
It could not be overstated. The issue...
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