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
$18.75 |
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-0.130(0.69%) |
Mkt cap ! $57.74B | |||
| Open | High | Low | Value | Volume |
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| 2 | 325 | $20.62 |
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