iSoft directors may face retrial
A prosecution brought by the Financial Services Authority against three former directors of iSOFT Group has collapsed.
Stephen Graham, Timothy Whiston and John Whelan were discharged by the Judge after the jury were unable to reach a verdict.
A further hearing has been scheduled for 7 September 2012 and the FSA will consider its position for a retrial.
The case against the former iSOFT directors was heard at Southwark Crown Court and the defendants had been 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.