Business
Crown Resorts’ dire 2020 just got worse as shareholders take legal action – Sydney Morning Herald
The NSW casino inquiry has provided class action litigants with a virtual Aladdin’s Cave of documentation and evidence from witnesses.
It would also raise the vexed question about who would determine fair value and how it would be measured.
Meanwhile there’s not yet a peep about Crown from the main cavalry – the Australian Securities and Investments Commission (ASIC). It may ride in later – it is hard to imagine it won’t show up at all.
The counsel assisting the NSW inquiry has already suggested it could refer Crown’s former chairman, Robert Rankin, to ASIC concerning breaches of directors’ duties. In the years following the handing…
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