Billionaire Andrew Forrest’s Fortescue has settled its bitter legal stoush with a group of its former executives, whom the mining giant spied on after accusing them of stealing sensitive information for their green iron start-up.
The dispute between Fortescue and Element Zero – and the latter’s founders and employees Michael Masterman, Bart Kolodziejczyk and Bjorn Winther-Jensen – was resolved in court on Wednesday, with each side agreeing to pay their own legal costs.
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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
Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
