National Express update

Looks like the wheels have come off the Cosmen CVC deal and with it Stagecoach's rescue of the C2C and NXEA franchises.

Whilst this leaves National Express in the brown stuff it may prove even more embarrassing for the Noble Lord.

City lawyers are rumoured to be dusting off wheelbarrows in the expectation of huge fees for sorting out Cross Default.

UPDATE: This from Leo Pink...

So that's 'rescued' as in 'Blackbeard the Pirate' rescued' the passengers on passing merchant ships?

See also 'liberated' as in my dad 'liberated' the Iron Cross in my medal collection.

UPDATE: This from Ithuriel...

So does this mean that wee Brian's court battle against the Department of Dogs' Breakfasts over the timing of cap and collar, the delays to ITSO smartcards and compensation for the missing £200 million is on again?

Will the lawyers have enough wheelbarrows to go round?