Directors of botched infant formula firm told to pay up
Court says firm was doomed from the get go.
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Three company directors have been ordered by the courts to pay $765,000 after their infant formula company went under and a judge found they breached directors’ duties and took illegitimate risks with the business.
A High Court judge said the company known as Trojan Foods (NZ) but later renamed
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Victoria Young
Thu, 07 Jun 2018
Thu, 07 Jun 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Directors of botched infant formula firm told to pay up
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