Category Archives: Corporate Governance

ASIC v Rich: ASIC One.Tel case against Rich and Silbermann dismissed

In Australian Securities and Investments Commission v Rich[2009] NSWSC 1229 Judge Austin decided that ASIC had failed to prove its case against One.Tel director and joint chief executive Jodee Rich and One.Tel’s finance director Mark Silbermann. ASIC brought civil penalty proceedings for breach of the statutory duty of care of company directors and officers. The […]