Former BHS Group directors liable for wrongful trading & malfeasance

The High Court has found two former directors of the BHS Group liable for wrongful trading and malfeasance arising out of the acquisition of the Group and its subsequent insolvency, which left a pension deficit of more than £570m. The same claims against Dominic Chappell, the driving force behind the acquisition, were adjourned at an early stage of the trial and will be dealt with in due course. A transcript of the judgment can be found here.