Adrian Johnson Legal and General

Office: Metuchen, NJ Office Phone: 1.848.229.2254 E-Mail: Registration also gives you limited access to premium articles, exclusive newsletters, commentary, and virtual events with our leading journalists. Johnson denied asking the MBI team to abandon Hosking`s approach and increase the expected profit to attract investors. Mr Hosking is demanding £3,.8m from LGV after being kicked out of the MBI team because, he says, he refused to accept figures predicting mcBride would have profits of £48 .8m to £51 million in 1995. Its estimates were that the company would bring in £42.7 million by this year, which was closer to the actual profit of £38.6 million announced in October. By submitting this form, you agree to receive email communications from FindLaw as part of the management of your review. Use the up and down arrows to increase or decrease the rating. Mr. Handley also testified that the figures he presented to the union in place of Mr. Hosking were prepared with the help of LGV and its accountants, KPMG. However, he said in his testimony that he was concerned that Mr.

Hosking`s figures showed a decline in profits in the first year after the purchase, followed by a subsequent increase rather than the immediate increase expected by the company`s current management. « The purpose of installing an MBI team is to improve the company`s performance beyond what has been achieved or planned by existing management, » he said. Earlier in the case, Michael Handley, now McBride`s chief executive, testified that Mr Johnson had « made it very clear » that investors, particularly banks, were nervous about Mr Hosking`s methods of analysis. « They were worried. It was a concept they couldn`t imagine. It didn`t matter. They were lower profits. {{#verifyErrors}} {{Message}} {{/verifyErrors}} {{^verifyErrors}} {{Message}} {{/verifyErrors}} When viewing an ad, consider the state advertising restrictions that lawyers and law firms must adhere to, as well as our legal directory disclaimer Some lawyers publish comparative information about the services they provide, which may be subject to specific restrictions on comparative communication.

Member of the American Bar Association Member of the New Jersey Bar Association Member of the New York State Bar Association Member of the Middlesex County Bar Association Member of the Essex County Bar Association Member of the Rotary Club – Metuchen, NJ. Find your bookmarks in your Independent Premium section under my profile. By clicking on « Create my account », you confirm that your data has been entered correctly and that you have read and accepted our Terms of Use, Cookie Policy and Privacy Notice. A director of Legal & General Ventures, the insurance giant`s investment arm, admitted in the High Court that he lied in a memorandum about the management`s takeover of McBride, the household products group that was once the consumer products division (CPD) of BP Nutrition. The defense denies the allegations, saying Hosking undermined the membership team by questioning his predictions and that he was in breach of contract due to a botched presentation to investors and his lack of several on-site visits to CPD. This website is protected by reCAPTCHA and Google`s privacy policy and terms of use apply. How do you rate your overall experience with this lawyer? Registration is a free and easy way to support our truly independent journalism. Please let us know what you think about working with this lawyer. Do not disclose any personal information or details about your case. All opinions submitted will be shared with the lawyer prior to publication. Join thought-provoking conversations, follow other independent readers and see their answers Want to bookmark your favorite articles and stories to read or reference later? Start your Independent Premium membership today.

J.D. Rutgers School of Law – Newark M.B.A. Auburn University – Montgomery B.S.B.A. Auburn University – Montgomery Adrian Johnson testified last week that he wrote himself a note saying that the investment syndicate that supported the proposed MBI in 1993 had agreed to sever ties with George Hosking, a member of the team. But when asked about the view, he admitted, « That`s not strictly true. » This led Justice Harman to declare that « to write a note that you know is not exactly true is to lie on paper. » Disclosure: No aspect of this announcement has been approved by the New Jersey Supreme Court.