Self-styled sharemarket enforcer Alan Davison has succeeded in a court application to amend his defence to a defamation claim launched against him by mining and stockmarket entrepreneur Tolga Kumova.
Justice Michael Lee’s decision sets the scene for a bitter courtroom battle that will take both from a Twitter spat to the witness box of the NSW Federal Court over allegations Mr Kumova engaged in insider trading, misled the market, and provided inside information about ASX-listed New Century Resources’ planned acquisition of the Goro Nickel Mine.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
