Ex-Babcock & Brown execs dodge case over botched $1.4B acquisition

Allens 2019-05-14 10:00 pm By Christine Caulfield | Melbourne

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A court has dismissed a long-running case against defunct Babcock & Brown executives by a private investment fund over a botched $1.4B acquisition of the biggest laundry equipment provider in the US, saying the executives did not breach their duties by failing to disclose that the bank underwriting the deal allegedly wanted out.

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