Three men were first former directors of any company to be charged with failing to inform business secretary of planned redundanciesThree former directors of City Link acquire been acquitted of criminal offences over the collapse of the delivery company after a magistrate questioned the government’s exercise of a “retrospective crystal ball” to prosecute them. David Smith, Robert Peto and Thomas Wright had denied failing to inform the secretary of state for business before City Link’s collapse on Christmas Eve final year that about 300 redundancies were inevitable”.
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Source: theguardian.com