At the regent GM, CEO Trimble complained about the cost of the VCAT trial but failed to mention that PPN had Directors & Officers Indemnity Insurance through DUAL AUSTRALIA.
An article in THE AGE reports that PPN is taking DUAL AUSTRALIA to court in regard to its Directors & Officers insurance. Apparently PPN says Dual has failed to abide by a contract that requires them to negotiate in good faith in situations where some of the costs are covered by insurance and some are not.
You can also read the wording of the DUAL D&O Insurance coverage on: http://www.dualaustralia.com.au/files/documents/Dual_Australia_DO_Wording_02-11_V1.pdf
Why do we have to find about these things from the media instead of an ASX announcement?
PPN Price at posting:
20.0¢ Sentiment: None Disclosure: Held
