“Network also announces that on 5 August 2004 it was served with a cross-claim by Sofcom (and other related cross-claimants) in proceedings commenced by Rivkin against Sofcom (and those other parties) relating to the same transactions considered by the Takeovers Panel. Among other things, the cross-claim alleges that the issue of shares in Rivkin by Rivkin to Network on 2 July 2004 was ‘insider trading’ under the Corporations Act. ”
© Business News 2018. You may share content using the tools provided but do not copy and redistribute.