Neil Woodford is due to face the High Court as a witness for Andew Tinkler, former chief executive of infrastructure company Stobart, who is being accused of breaching fiduciary duties as a company director.
Woodford backed Tinkler in the unsuccessful campaign to vote Ferguson off the board in Stobart's AGM in July, which the company claims was part of a lucrative plan to buy a stake in its airline business.
The fund manager will be cross-examined by Stobart's barrister, who alleges he, Tinkler and Philip Day, the Edinburgh Woollen Mill owner, planned to form a consortium which would have had a 30% share of the business "at no cost … to the disadvantage of the company's shareholders as a whole," according to The Telegraph.
The company has launched a High Court claim against Tinkler for breaching fiduciary duties as a company director, breach of contract and using unlawful means in his effort to oust Ferguson, including by engaging the support of Woodford.
The trial is due to start next week and will bring Woodford's dealings in the row to public scrutiny. It is also due to focus on the role of Cenkos, Stobart's broker, which was forced to resign as a result of its ties to Tinkler and Woodford.
Stobart is the ninth biggest holding in Woodford's £5bn Woodford Equity Income fund, representing 2.82% of the portfolio.
Woodford declined to comment on his forthcoming appearance in the witness box, while Tinkler denies any wrongdoing and has claimed defamation against five Stobart directors.
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