Article in todays West.Ousted Empire oil&Gas founder Graig Marshall last night vowed to vigorously defend his conduct as a director after the company's new board took Supreme Court action to recoup almost $500,000 in legal bills.
The Empire action against its former directors is one of the most significant ones in recent WA corporate history and a key milestone in what has been an ugly dispute between the company and its shareholders.
He also took issue with Empire's declaration on Thursday that $22,000 cash that was recorded in its audited full year accounts, refecting proceeds from defamation case settlements, was missing.
Mr Marshallsaid the cash was being held in a solicitor's trust account, as per a deed of settlement ,on behalf of Empire.
I wonder if he will get Martin Bennet to represent him?
Merry Xmas to all members and Hot Copper.
marshall defends legal fight
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