Dick Smith leaders face legal action

 In Australia, NewZealand
The former chief executive and chief financial officers of Dick Smith are among eight ex-company leaders being sued following the collapse of the electronics chain.
Receiver Ferrier Hodgson, on behalf of Dick Smith Holdings creditors, has taken legal action against ex-CEO Nick Abboud, ex-CFO Michael Potts, and former directors Bill Wavish, Phil Cave, Rob Murray, Jamie Tomlinson, Robert Ishak and Lorna Raine in the NSW Supreme Court.
The executives and directors have been accused of breaching their duty to exercise reasonable care ahead of the company’s financial collapse in January, 2016. MSN – Read more…

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