US investment manager State Street Global Advisors claims it lost out on royalties when Maurice Blackburn commissioned an allegedly infringing replica of its iconic Fearless Girl statue in New York City, a marketing phenomenon that has been estimated to be valued at up to $38.6 million.
Lawyers for former Vocation CEO Mark Hutchinson say the corporate regulator is āplucking numbers out of the airā in its bid to secure disqualifications of up to eight years against the former executives who breached their directorsā duties in relation to the collapsed education provider.
Lawyers for IOOF chief financial officer David Coulter have dismissed APRAās allegations that he breached his superannuation duties as commercially ānaĆÆveā, āabsolutely desperateā and a “most egregious exampleā of impulsive regulatory enforcement action.
In a win for the corporate watchdog, a court has found collapsed education provider Vocation engaged in misleading and deceptive conduct and breached its continuous disclosure obligations by failing to inform shareholders of problems with a large government contract.