Hood, as a director, had a legal obligation not to take such risks with the company.
A more pertinent question might be that if Caisley was so absolutely certain that his case was correct why didn't he give us a 'no win, no cost' indemnity, after all, he is/was the head partner in Walker Morris,the legal firm acting for us? He was also the club's largest shareholder so it was clearly in his best interests to come up with the 'right' result.