Two Fired Cordiant Execs Plan £5 million Lawsuit
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Two Fired Cordiant Execs Plan £5 million Lawsuit

Nick Miles and Hugh Morrison, the senior Financial Dynamics public relations executives dismissed last week by parent company Cordiant, are planning a £5 million legal action against the company.

Paul Holmes

LONDON, January 29—Nick Miles and Hugh Morrison, the senior Financial Dynamics public relations executives dismissed last week by parent company Cordiant, are planning a £5 million legal action against the company and have hired London law firm Capmbell Hooper to handle their case, according to reports in the U.K. media.
 
The two, who reportedly earned £500,000 a year in their roles as chairman and managing director of Business Communications International—a holding company for FD, Morgen-Walke Associates, and other Cordiant PR holdings—are seeking claiming breach of contract and unfair dismissal and seeking damages for loss of salary, bonuses, shares and options. They may also contest the length of their notice period.
 
While neither party to the dispute is commenting officially, Cordiant is understood to be unhappy about the huge bonuses the two earned through complex share sale and buy-back schemes, while Miles and Morrison and believed to have been concerned over changes in the incentives paid to FD staff.
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