Directors of botched infant formula firm told to pay up
Court says firm was doomed from the get go.
Victoria Young Thu, 07 Jun 2018
Three company directors have been ordered by the courts to pay $765,000 after their infant formula company went under and a judge found they breached directors’ duties and took illegitimate risks with the business.
A High Court judge said the company known as Trojan Foods (NZ) but later renamed
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