FORTESCUE Metals Group and its chief executive Andrew Forrest have been cleared of any wrongdoing in a case brought by the corporate regulator.
This afternoon Federal Court judge John Gilmour dismissed the case brought by the Australian Securities & Investments Commission.
ASIC will also have to pay the legal costs incurred by Mr Forrest and Fortescue, Justice Gilmour said.
These costs are likely to be several million dollars.
http://www.theaustralian.com.au/business/mining-energy/asic-loses-case-against-fortescue-and-ceo-andrew-forrest/story-e6frg9df-1225813189493
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Last
$16.86 |
Change
0.080(0.48%) |
Mkt cap ! $51.91B | |||
| Open | High | Low | Value | Volume |
| $16.61 | $16.86 | $16.51 | $130.7M | 7.818M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $16.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.87 | 3740 | 3 |
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| FMG (ASX) Chart |