Between The Rock and a hard place – pointless gag over Northern Rock rescue story

The story had already appeared on the 8th November and subsequently featured in the FT and Telegraph (+others). Good news about any rescue bid for stricken Northen Rock has to be good news and the public + investors deserve to know more about how the company's financial management was structured.

The gag handed down by the court, while technically logical from a legal point of view seems an unecessary use of process to constrain information about financial matters investors and the wider public have an interest in knowing about.

In the circumstances the gag seems over the top and a bit futile.

Details from:
Financial Times

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