Australia's largest stock trading and investment forum Australia's #1 stock forum

IDC

Click for more information

0.00%

0.0¢ indochine mining limited

Looks like he has a judgement against a wholly owned subsidiary...

First 12 Last

Share
Profile

Follow
MahoganyPark

1,361 Posts.

9

11/12/15

10:21

Post #: 16592839
Share

Originally posted by unya2585 ↑

Double jeopardy

The news keeps getting better for Robert Coghill, the former executive chairman of mining minnow Indochine Ltd.
Indochine has collapsed into administration, which is why it was not legally represented in court during the September court case and lost to Coghill, who was awarded $US2.65 million in damages for breach of his employment contract.
The latest judgment from the Federal Court awarded Coghill another $US514,450 in "pre-judgment interest on damages", although the judgment determined the court had now power to make Indochine pay his costs.
Given the company is in administration, the issue of damages and costs might be academic in any case.

Read more: http://www.smh.com.au/business/cbd/...alent-shop-20151106-gkt43c.html#ixzz3r3jKS4cs
Follow us: @smh on Twitter | sydneymorningherald on Facebook

Expand

Looks like he has a judgement against a wholly owned subsidiary company which can be wound up.

IDC Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

AXP

Tambourah chases gold veins and mineralisation extension with drilling

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 9 more messages in this thread...

First 12 Last

Add IDC (ASX) to my watchlist

SPONSORED BY