Facing cross claims by Pitcher Partners in two shareholder class actions alleging the accounting firm wrongly signed off on Slater & Gordon’s financial reports ahead of a share price nosedive, the law firm and its ex-directors say they relied on the auditor to ensure the veracity of the statements.
ASIC drags ex-Murray Goulburn execs to court
The former directors of Murray Goulburn, who admitted in proceedings brought by the ACCC to aiding in false representations the dairy co-op made to farmers about the farmgate milk prices it would pay during the 2015-16 season, are now facing a separate lawsuit by the Australian Securities and Investments Commission.