Elan injunction discharged

The High Court has discharged an injunction obtained by biotech group Elan aimed at preventing two of it's directors from using US courts to launch with it claimed was an unauthorised review of corporate governance at the company.

Last month Elan secured a temporary injunction against directors Jack Schuler and Vaughan Bryson after it claimed the two had instructed a US legal firm to undertake a separate review in the US of allegations of breaches of corporate governance in a number of transactions by Elan.