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ASIC fails to build case against Fortescue CEO

  • Norton Rose Fulbright LLP
  • -
  • Australia
  • -
  • July 29 2010

The corporate regulator's recent track record in relation to the prosecution of directors continued on 23 December 2009 when Justice Gilmour of the Federal Court handed down judgment in Australian Securities & Investments Commission v Fortescue Metals Group Ltd