NEWS FLASH – Fortescue High Court Decision
Today the High Court unanimously held that that Fortescue Metals Group (Fortescue) and its founder, Andrew Forrest (Forrest) did not breach the continuous disclosure rules in connection with public statements about the agreements Fortescue made with Chinese state-owned entities.
This landmark win against ASIC will open the way for Forrest, who stood down from Fortescue after he lost a Federal Court appeal in 2011, to return as executive director.
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