Class Action/Lawsuit against SO4/Board, page-168

Thanks for the responses guys. I am aware that directors can be criminally punished if it can be proven that they have breached the Corporations Act (for example, providing false and misleading statements). I am aware of some cases where directors have been sent to prison because of this (I am sure to the satisfaction of shareholders), but in those cases I do not beleive monetary compensation was provided to shareholders. In those cases the Director's insurances did not cover payouts because the Director's voided their insurance contract (that is, they committed a crime - which voided the contract).

Is anyone actually aware of a case where a company has gone into receivership/liquidation, and shareholders have actually been awarded compensation for their losses due to the criminal acts of the directors?