Former GIO Executives Guilty of Breaching Directors' Duties
23 August 2005
Three former directors of GIO Insurance Limited have been found guilty of breaching their duties during AMP’s heated takeover of the company between 1998 and 1999.
Originally by CCH Australia, 2:44 PM
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Today Justice Cowdroy handed down judgment in the long-running iiNet litigation, completely dismissing the copyright owners’ complaint against the Perth-based ISP and ordering them to pay costs. His Honour held that iiNet did not authorise the P2P infringements simply by providing internet access, even though it may have known about them. See the summary post for more details. What’s your immediate reaction?
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