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20-06-2024, 05:37 PM
#4751
Member
and I think he was pushed out...
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20-06-2024, 05:44 PM
#4752
Member
![Quote](images/misc/quote_icon.png) Originally Posted by billkiapi
and I think he was pushed out...
Yes, I read it that way too
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20-06-2024, 05:46 PM
#4753
![Quote](images/misc/quote_icon.png) Originally Posted by Bikeguy
Yes, I read it that way too
Poor b*&&er .. look what that wind up doing to him ![Smile_2](images/smilies/001_smile.gif)
almost synful ..
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20-06-2024, 05:47 PM
#4754
![Quote](images/misc/quote_icon.png) Originally Posted by billkiapi
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.
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20-06-2024, 08:10 PM
#4755
Member
![Quote](images/misc/quote_icon.png) Originally Posted by Poet
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+.
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20-06-2024, 08:31 PM
#4756
![Quote](images/misc/quote_icon.png) Originally Posted by Newman
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.
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20-06-2024, 08:36 PM
#4757
Member
Class actions are usually litigation funded like Manziel was
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20-06-2024, 08:40 PM
#4758
![Quote](images/misc/quote_icon.png) Originally Posted by Poet
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?
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20-06-2024, 08:46 PM
#4759
![Quote](images/misc/quote_icon.png) Originally Posted by billkiapi
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.
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20-06-2024, 08:53 PM
#4760
![Quote](images/misc/quote_icon.png) Originally Posted by Toddy
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
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