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anz legal worries

  1. 1,862 Posts.

    Try this one guys.

    Notwithstanding the issues relating to whether ANZ actually had the right to liquidate all those shares, the article below reveals ANZ tried to sure up it's legal position prior. This looks like landing ANZ in further Hot Water with the administrator's legal team.

    "if there is a claim for the ANZ to give money back" then there was a possibility of ANZ being "impeached" in its role as secured creditor"

    Interesting times.

    http://business.theage.com.au/legal-action-closer-on-anz/20080417-26vs.html

 
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