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.
An Australian newspaper has placed the value of global security vendor Symantec's purchase last week of Sydney-based rival PC Tools at AU$300 million.
A landmark court ruling over the One.Tel collapse has brought its special purpose liquidator closer in his pursuit of Lachlan Murdoch and James Packer on behalf of creditors.
One.Tel shareholders James Packer and Lachlan Murdoch, two of Australia's wealthiest men, are angry at being misled about One.Tel's cash position in the wake of an administrator being appointed to the ailing telco. ASIC has now launched an investigation.
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.
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Welcome to National Censorship Day
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