A US law firm is to file a new class-action complaint against BT today, naming past senior directors in the scandal at BT Italia, which caused the group to write off £530m.
Law firm Robbins Geller Rudman & Dowd has already filed three versions of the complaint, which name BT Group as a defendant plus two previous CEOs, Ian Livingston and Gavin Patterson, previous CFO Tony Chanmugam, as well as former BT Global Services CEO Luis Alvarez, and Nick Rose, who chaired the group’s audit and risk committee.
BT commented: “These claims were brought over two-and-a-half years ago and dismissed by the US Federal Court on 1 August 2018. The plaintiffs filed an amended complaint after the claim was dismissed, and all defendants re-applied to dismiss the amended complaint. We maintain that these claims are unsubstantiated and will move to dismiss any further amended complaint.”