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The FCA Will Not Seek 3rd iSoft Trial

12.07.2013

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We act for Mr Tim Whiston, the former CEO of iSOFT Group plc. The FCA opened an investigation into alleged accounting irregularities at the NHS software provider in late 2006. In 2010 our client was charged along with three other former directors for conspiring to mislead the market contrary to s. 397 FSMA.

On Monday 8 July 2013 at Southwark Crown Court, HHJ Leonard QC formally discharged the jury in Mr Whiston’ssecond trial. The reasons for the discharge cannot currently be reported.

This afternoon, we have been notified by the FCA that they do not intend to seek a third trial against Mr Whiston. There will be a hearing next week to formally bring this long process of litigation to a conclusion.