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Case finalised against Perth man

THE Australian Securities and Investments Commission has noted the decision of the Commonwealth Director of Public Prosecutions to abandon a retrial against Michael John MacDermott in relation to two counts of insider trading in Roehampton Resources NL shares.

The two counts were those the jury could not reach a verdict on in a recent trial.

On August 1 Mr MacDermott received a suspended 18 month jail term after being found guilty on six counts of insider trading in Roehampton shares.

The court ordered a retrial on the two counts the jury could not reach a verdict on.

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