ASIC Decides Not to Appeal Against Two Former OneTel Directors
Submitted by Surjit Singh on Fri, 02/26/2010 - 17:21
The corporate regulator ASIC has revealed that now it will not pursue an appeal against two former OneTel directors.
The Australian Securities and Investments Commission faced a lose in civil case against OneTel's former managing director Jodee Rich and another director Mark Silbermann in November.
Jodee Rich to get $13.8m by ASIC
Submitted by Surjit Singh on Sun, 02/07/2010 - 00:20
Former One. Tel managing director Jodee Rich and former finance director Mark Silbermann would be paid $13.8 million and $190,000 respectively by the corporate regulator Australian Securities and Investments Commission
(ASIC), with the aim of reimbursing legal costs they acquired successfully protecting their conduct in the four months before the telephone company collapsed in May 2001.
