If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

Microsoft prepares to sue over loss of Woolworths stock

According to this Time Online report, Microsoft is preparing to launch a class action suit against UK high street retailer Woolworths in a bid to reclaim several millions of pounds worth of stock.

The chain is set to close its doors to the public tomorrow as the recent credit crunch took its toll early last month. However, according to the Times article, the firm still has tens of millions of pounds of stock in its warehouses.

"Under 'retention of title' rules, suppliers can claim back their own stock if it has not been paid for but, more broadly, they can claim stock that has been paid for in lieu of debts," says the piece.

More through the link.

Thanks, CVG.

By Mike Bowden

About the Author

Mike avatar



33, live in Denmark, married, little boy named Aleksander help out Pat with some news stories for VG247

Support VG247

You give us money, we give you an ad-free reading experience, merch discounts, a newsletter every month, and elite status amongst your friends.

See more information

More News

Latest Articles

VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 Merch