...."Among the evidence to emerge in court was a secret deal that involved Mr Grimaldi and Mr Barnes sharing in 10 million shares following a takeover deal in 2004. The issue was not included in a bidder's statement to shareholders, and Mr Kopejtka, who was not a Murchison director at the time, was quizzed about his knowledge of the deal.
"I can't remember exactly ... I would have been aware, I guess," he said.
Murchison, as well as Mr Grimaldi and Mr Barnes, is defending the claim. The dispute, however, has had little impact on Murchison's share price, which has more than doubled this year to $1.62, although it is still a fair distance from its pre-financial crisis high of $6.02.
Mr Kopejtka's own shareholding is worth $32.4m....."
Sective amnesia? Not really...I guess!
Just shows that times maybe, have not really changed.
CHM Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
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