Visa’s decision to terminate its partnership with iSignthis in April 2020 would not have damaged the share price if it had been disclosed to investors at the time, the Federal Court heard on Wednesday.
Acting on behalf of iSignthis and its Cyprus-based founder John Karantzis, barrister Peter Collinson, KC, told Justice Timothy McEvoy that an expert for iSignthis named Gregory Houston concluded the disclosure would not have changed analysts’ estimates of future cash flows discounted to adjust for risks.
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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
