First google search yield the following ( thanks wikipaedia) In a landmark decision, the shareholders of Sons of Gwalia were awarded the same status as non-shareholding creditors on 27 February 2006 because the company breached continuous disclosure obligations or misled them about its financial status.[22] On 29 August 2006, Sons of Gwalia (SGW) was de-listed from the Australian Securities Exchange.[23] On 4 September 2009, the former auditors of Sons of Gwalia, Ernst & Young, agreed to a $125 million settlement over their role in the gold miner’s collapse. Ferrier Hodgson, the company's administrator, had claimed Ernst & Young was negligent over the accounting of gold and dollar hedging contracts. It is hoped the $178 million of assets will assist in bringing the long-running administration to a close in December 2009.[18] In addition to the $125 million from E & Y, SoG's former directors, the Lalor brothers, agreed to a $53 million settlement over their role in the company's collapse.[18]
CCU Price at posting:
14.1¢ Sentiment: Buy Disclosure: Held
