Mineral Resources and its embattled founder Chris Ellison have been served with a class action in Victoria’s Supreme Court following a series of corporate governance and tax scandals at the loss-making miner.
The claim alleges that MinRes “engaged in misleading conduct and failed to disclose material information in relation to its business practices, standards of corporate governance, and the scope and nature of transactions with related parties, including Mr Ellison”.
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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
Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
