Ex-Dick Smith CEO should be liable for approving $28.5M in dividends, appeals court told

Alice Zheng 2022-05-30 9:30 pm By Cindy Cameronne | Sydney

Please login to bookmark

The former CEO of failed electronics retailer Dick Smith should be held responsible for approving two dividend payments worth $28.5 million which the company could not afford to pay given it owed millions in unpaid bank loans and supplier debts, an appeals court has heard.

Subscribe to Lawyerly to access this article.

Already a subscriber?
Lost your password?

For information on rights and reprints, contact subscriptions@lawyerly.com.au