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Directors of LGL Commodities may be taken to court

By March 3, 2015July 21st, 2017Legal Risk, News & Articles

The liquidators of failed grain company LGL Commodities may take the directors of the company to court, as they aim to retrieve up to $6 million.

It is claimed that the directors breached section 180 of the Act in relation to duties required by directors of a company.

One of the company’s former directors, Simon Freeman, said that the liquidator’s report failed to include a number of variables including insurance claims and theft of stock.

The full article is here.