SML - Synlait Milk Ltd

[billkiapi]

and I think he was pushed out...

[Bikeguy]

and I think he was pushed out...

Yes, I read it that way too

[nztx]

Yes, I read it that way too

Poor b*&&er .. look what that wind up doing to him

almost synful ..

[Poet]

and I think he was pushed out...

That's good to hear. He will probably make a good witness for the prosecution when the inevitable class action gets underway.

[Newman]

That's good to hear. He will probably make a good witness for the prosecution when the inevitable class action gets underway.

Legal actions against Feltex directors have been going on for 15 years+.

[Balance]

Legal actions against Feltex directors have been going on for 15 years+.

And got nowhere.

Cost the litigants millions of dollars so the lawyers are the big winners.

[billkiapi]

Class actions are usually litigation funded like Manziel was

[Toddy]

That's good to hear. He will probably make a good witness for the prosecution when the inevitable class action gets underway.

What laws have they broken?

[Balance]

Class actions are usually litigation funded like Manziel was

The liquidators took the directors off Mainzeal to court - it was not a class action from shareholders.

[Poet]

What laws have they broken?

I've no clue if they have broken any laws or failed to perform their legal obligations bit I'm sure we will find out once this has played out.
Certainly seems to me that the whole saga is being managed in the interests of some shareholders at the expense of others. Time will tell