A Federal Court judge has found former Tennis Australia director Harold Mitchell breached his duties as a director, but ruled the corporate regulator failed to back up conspiracy theories in its case against him and the sporting body's former president, Stephen Healy, over the decision to award Seven West Media broadcast rights to the Australian Open in 2012.
Justice Jonathan Beach dismissed the Australian Securities and Investment Commission's case against Mr Healy and "only narrowly" ruled in the regulator's favour against Mr Mitchell, stating he breached his duties as a director three times, but "rejected the balance of its case".
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Max Mason covers financial crime, courts 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
