Directors of LGL Commodities may be taken to court

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.