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Connective directors hit with indemnity costs for ‘outrageous’ conduct in shareholder stoush
Allens 2022-04-06 4:55 pm By Miklos Bolza Sydney
The directors of mortgage aggregator Connective Services have been hit with indemnity costs for their "outrageous conduct" in pursuing litigation against a company shareholder, including giving false statements and destroying evidence.
Macquarie a ‘knowing participant’ in Connective shareholder oppression, court says
Allens 2022-03-28 8:57 pm By Miklos Bolza Sydney
Two directors of mortgage aggregator Connective engaged in oppressive conduct towards a minority shareholder and Macquarie Bank was a "knowing participant" when it acquired $5 million worth of shares in the company, the NSW Supreme Court has found.