First company Corporate Manslaughter ruling results in £385,000 fine

by Tony on 19/02/2011 in Management Liability Insurance

Last Thursdays, Cotswold Geotechnical Holdings was fined £385,000 following its conviction for corporate manslaughter which came earlier this week.

The conviction by jury follows a lengthy trial into the death of Alex Wright, a young geologist employed by the company, on 5 September 2008.  Mr Wright is believed to have died whilst investigating soil conditions in a deep trench, which collapsed and killed him.

Following the ruling there is likely to be an influx of further claims and settlements are likely to increase.

Macbeth can provide advice to directors who are worried about the consequences of this ruling.

Management Liability Insurance, news