Wal King, Terracom directors exonerated over ASIC claims

Wal King, Terracom directors exonerated over ASIC claims

The regulator alleged Mr King, Craig Ransley, Nathan Boom and current chief executive Danny McCarthy misled the market over a whistleblower’s claim Terracom rigged the quality of its coal.

ASIC should have known TerraCom case had no chance of success: judge

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me A judge has said ASIC should have known that its case against four TerraCom directors over statements made to investors had no prospects of success, calling one of its submissions “unworthy of the corporations regulator”. Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email Address Password Rememb…

Federal Court rejects ASIC’s TerraCom claims

The Federal Court of Australia has dismissed the corporate watchdog’s action against thermal coal company TerraCom and its staff including former chair Wal King.

Court dismisses case against TerraCom leaders

The Federal Court has dismissed proceedings by the corporate watchdog against TerraCom managing director Daniel McCarthy and former officers Wal King, Nathan Boom and Craig Ransley. The Australian Securities and Investments Commission had alleged that the four coal company executives permitted misleading information to be given to the ASX in the wake of a whistleblower’s […] Thank-you for your interest in iQ Industry Queensland. We invi…