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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