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ABN injunction against star managers lifted

ABN Amro star managers George Luckraft and Nigel Thomas have had an injunction preventing them working for Framlington lifted in advance of further legal action.

The injunction, which was filed by ABN for breach of contract last week, was overturned on Friday but replaced by an identical undertaking by the two managers, which means they will be on gardening leave until a trial in July.

It was previously believed that Luckraft and Thomas would begin running funds for Framlington immediately after they walked out on ABN last week with 11 months remaining on their contracts.

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