sti leagl action group, page-32

Directors do take out insurance incase of such legal action . I reckon there is a good chance because everything he said was hyped above reality. I think i even saw a video interview where he talks about millions in revenue in the next quarter which didnt eventuate at all.

Even Nufarm shareholders are taken action

?Hundreds of investors have registered for a class action against Nufarm (NUF) seeking to recover losses from alleged material non-disclosures, and lawyers say the number of claimants reach into thousands. MD Doug Rathbone is accused of repeatedly misleading investors with optimistic forecasts. But the company has denied any and all allegations of wrongdoing, and said it will ?defend the proceedings vigorously?.