Ann: Demerger Complete - EU/UK/US Subsidiaries, page-469

"JK literally spent shareholder funds to prevent shareholders from receiving a copy of the report."

You have a point but are missing the wider picture. Releasing the report on the MAP meant it wouldn't be seen only by shareholders, but also by current and prospective clients, business partners, in fact, everyone!

It's ISX's reputation that's at stake here so, of course, ISX would want to prevent the disclosure of misleading information to the market.

ISX thought preventing the disclosure of the report to a wider audience was of greater significance than preventing shareholders from seeing it. I think that was reasonable.

Here's the thing: since the dispute was about the accuracy of the information, why was ASX hellbent on releasing it? ASX is not the authority that determines what's right or wrong. Disputes are resolved in courts. There was no pressing reason for ASX to release the report as the matter was already in court. How unreasonable could they be? Even worse was their decision to prevent ISX from publishing a response!