British Biotech pays out in legal battle
Wednesday 09 June 1999
Dr Millar and British Biotech, which was suing him for breach of contract and confidentiality, issued a joint statement yesterday leaving latitude for interpretation. It said: "British Biotech has withdrawn its claims and allegations of improper behaviour and Dr Millar has agreed not to continue with his proceedings against British Biotech."
Although Dr Millar has dropped his legal action for wrongful dismissal and defamation, the statement was silent as to his earlier claims that British Biotech, which is under new management, was being profligate with shareholder funds. Yesterday Dr Millar said the company had been a "charade".
"He has not withdrawn those comments, though as far as he is concerned they are history," said Andrew Keltie, partner at Baker & McKenzie, the solicitors acting for Dr Millar.
Dr Millar's personal settlement is believed to be substantially higher than an earlier offer from British Biotech of pounds 120,000. The company is also to pay his legal fees, thought to be pounds 300,000.
Both parties declined to give details of the settlement. However, Dr Millar said: "From my point of view, given what they tried to inflict on me, it's fair."
The agreement was signed yesterday afternoon following months of wrangling. A spokeswoman for British Biotech said: "This is a settlement, not a judgment of either side. British Biotech has always said it wanted a settlement as long as a mutual basis could be found. It's been a complicated process with no particular sticking point."
Dr Millar said: "I am grateful to Chris Hampson [British Biotech's new chairman] for settling and wish him and the company the best of luck in the future."
The affair began last March after Dr Millar, as director of clinical research, said he had inspected trial data for the company's Zacutex pancreatic and Marimastat cancer drugs that convinced him its optimism over the drugs was misplaced.
- 1 Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
- 2 Greece crisis: Alexis Tsipras accepts troika bailout proposals with conditions
- 3 German ethics council calls for incest between siblings to be legalised by Government
- 4 French woman dies in freak bungee jumping accident
- 5 Facebook rainbow profile pictures likely being tracked by social network
Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
Russian officials ban yoga because it's too much like a religious cult
Greece crisis: Alexis Tsipras accepts troika bailout proposals with conditions
German ethics council calls for incest between siblings to be legalised by Government
Britain First insist their videos aren't racist in bizarre attack on comedian Jason Manford
The moment a Queen's Guard soldier lost it and drew his gun at annoying tourist
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
Greece crisis: The wider lesson is that it’s time to abandon this failed experiment in currencies
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
Pentagon accuses Russia of 'playing with fire' over nuclear threats towards Nato
They are neither a 'state' nor 'Islamic': Why we shouldn't call them Isis, Isil or IS
iJobs Money & Business
£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...
£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...
£22500 - £27000 per annum + OTE £45K: SThree: Since our inception in 1986, STh...