My god the minister chris bowen thinks that a 6:1 high court majority finding the directors who criminally mislead investors, that the fact they are found liable and shareholders have a right to compensation is wrong and wants to change the law retrospectively to prevent shareholders having such rights...
Can some one else copy this over to HotCopper or any other shareholder advocate forums your involved in....
I suggest anyone not knowing the case read about it at
Then if you think it stinks that investors are allowed to be criminally mislead by directors with absolutely no legal recourse....then contact the minister an tell him how much it stinks:
Canberra ACT 2600
Telephone: (02) 6277 7200
Facsimile: (02) 6273 4406
I never though id be saying it but for once i think judges reflect the thoughts of society better then our politicians...