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Jury discharged in FSA v Former iSOFT Directors

9.08.2013

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Bark&co represent Mr Tim Whiston formerly CEO of iSOFT Group plc. After a four month trial, the jury were yesterday unable to reach a unanimous or majority verdict, on either former director, following their deliberations.

In a statement, the FSA say the following:

“In a prosecution brought by the Financial Services Authority (FSA) against three former directors of iSOFT GroupPlc (iSOFT), Stephen Graham, Timothy Whiston and John Whelan the jury were unable to reach a verdict and have therefore been discharged by the Judge.

A further hearing has been scheduled for 7 September 2012 and the FSA will consider its position for a retrial.

The case was heard at Southwark Crown Court and the defendants were charged with conspiracy to make misleading statements, contrary to section 397 (1)(a) and (2) of the Financial Services and Markets Act 2000 and section 1 of the Criminal Law Act 1977.“

FSA Statement

Giles Bark Jones, Tim Harris and Lisa McKinnon Lower acted on the case.