GKN shares rally on legal victory
Friday 21 August 1998
The Court of Appeals in Virginia ruled that GKN was not liable and reversed an earlier decision. The case started in 1993 when the franchisees accused GKN of misusing funds intended for promotion. In 1996 GKN was convicted and ordered to pay damages of nearly $750m. It made provision in its 1996 accounts of pounds 265m.
Diving in at the deep end is no excuse for shirking the style stakes
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