December 23, 2016 BY Valentina Kirilova

Directors of LM Investment Management not found to have breached their director's duties

The Federal Court has today found that Peter Charles Drake, Francene Maree Mulder and Eghard van der Hoven did not breach their duties as directors of LM Investment Management Ltd (LMIM). ASIC had alleged that Mr Drake used his position to gain an advantage for himself and that each of the former directors of LMIM…

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