re::and saga contiue

"BrisConnections has written to unit holders telling them they will have to pay their instalments even if the trusts are wound up. But Ian Waller, SC, counsel for ASIC, told the court that BrisConnections had made several "inadequate and deficient" statements to unit holders.

Specifically, Mr Waller said, misleading statements had been made about the obligations of unit holders to make future instalment payments, on the financial status of the project, and on the right to hold a meeting."

http://business.theage.com.au/business/brisconnections-in-check-20090402-9l7o.html