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Taurus misled Phil King’s Regal in due diligence, former CFO claims

Max Mason
Max MasonSenior reporter

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The former chief financial officer of Taurus Funds Management alleges the firm misled Regal Partners about its performance before Phil King’s investment firm took a stake in the global commodities financier.

Andrew Sampson worked at Taurus – now half-owned by Regal – from 2011 until March this year when he was made redundant. Mr Sampson, in a claim filed with the Federal Court, alleges that he was forced out because he raised concerns about information given to Regal when it was in due diligence.

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Max Mason covers insolvency, courts, regulation, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max's journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/taurus-misled-phil-king-s-regal-in-due-diligence-former-cfo-claims-20240718-p5jutq