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The James Hardie decisions

  • Norton Rose Fulbright Australia
  • -
  • Australia
  • -
  • June 8 2012

The full bench of the High Court of Australia yesterday overturned the NSW Court of Appeal Decisions in Morley v Australian Securities and Investments Commission (No 2) and Shafron v Australian Securities and Investments Commission (No2) holding that seven non-executive directors and the company secretarygeneral counsel of James Hardie Industries Ltd (JHIL) breached their duties as directors or officers of the company in relation to the release of a misleading announcement to the Australian Stock Exchange (ASX

The James Hardie decisions: Australian Securities & Investments Commission v Hellicar & Ors 2012 HCA 17; Shafron v Australian Securities & Investments Commission 2012 HCA 18

  • Norton Rose Fulbright LLP
  • -
  • Australia
  • -
  • May 4 2012

The full bench of the High Court of Australia yesterday overturned the NSW Court of Appeal Decisions in Morley v Australian Securities and Investments Commission (No 2) and Shafron v Australian Securities and Investments Commission (No2) holding that seven non-executive directors and the company secretarygeneral counsel of James Hardie Industries Ltd (JHIL) breached their duties as directors or officers of the company in relation to the release of a misleading announcement to the Australian Stock Exchange (ASX

The James Hardie decision: Australian Securities & Investments Commission v MacDonald

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

The Australian Securities & Investments Commission (ASIC) commenced civil proceedings in the Supreme Court of NSW against James Hardie Industries Limited (JHIL), James Hardie Industries NV (JHINV), seven former non-executive directors and three former executives of JHIL for breaches of the Corporations Act 2001 (Cth) (the Act) in relation to the preparation and approval of public statements

The James Hardie decision

  • Norton Rose Fulbright LLP
  • -
  • Australia
  • -
  • August 31 2009

The Australian Securities & Investments Commission (ASIC) commenced civil proceedings in the Supreme Court of NSW against James Hardie Industries Limited (JHIL), James Hardie Industries NV (JHINV), seven former non-executive directors and three former executives of JHIL for breaches of the Corporations Act 2001 (Cth) (Act) in relation to the preparation and approval of public statements