FCA civil action against directors clears High Court hurdle

The FCA has been allowed to continue its civil proceedings against the former CEO and CFO of a listed IT company after the High Court rejected a claim from the defendants to stop the case.

By Neasa MacErlean

The Financial Conduct Authority originally brought criminal proceedings against the former CEO, Konstantinos Papadimitrakopoulos, and former CFO, Dimitris Gryparis, of Globo plc for alleged market abuse.