BCS 0.00% 40.0¢ brisconnections unit trusts

leighton buys out asi stake for 4.5m, page-64

  1. 536 Posts.
    It was unclear in the Vic court case whether on not the liability would be removed if Brisc were wound up, but the judge in the Qld court case made it clear that the liability would not be removed if there was a wind up.

    Whilst it would have been very noble of him to go down with the sinking ship, I think it would have been foolish of him to do so. After all he was in this from the start to make money, tried to help out the holders along the way, and when that fell through went back to his original plan of making money. Didnt pan out the way he planned.
 
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