The corporate watchdog has failed in its civil action against One.Tel founder Jodee Rich and the doomed telecommunication's company's finance director Mark Silbermann.
James Packer has indicated he wants to continue the fight over the collapse of One.Tel, maintaining he was "profoundly misled" about the financial position of the company.
Former executives of the now defunct One.Tel could face compensation claims amounting to AU$50 million following accusations that they withheld crucial financial information prior to the telco's demise.
Telco analysts were today doubtful that Telstra could team up with Publishing and Broadcasting Ltd (PBL) for an interest in Internet portal ninemsn.
The administrators of One.Tel have said that the high-profile directors of the failed Australian telco may have adequate defence to any insolvent trading claims.
One.Tel backers James Packer and Lachlan Murdoch are unlikely to be tracking the latest career move by insolvency expert Paul Weston, but they know who he is and must dread what he is about to do. Thought the One.Tel legal action was over? Think again.
Yahoo continues to struggle behind Google in the US but in Australia, it's a slightly different story -- NineMSN, the partnership between Kerry Packer's PBL and Microsoft, remains a major stumbling block for the online giant.
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