Austal faces civil case over alleged disclosure breach

The Australian Securities and Investments Commission (ASIC) has begun civil penalty proceedings in the Federal Court of Australia against Perth shipbuilder Austal and its former CEO David Singleton (pictured). Austal revealed it had been notified this morning of the case, which follows an investigation by ASIC of the company’s disclosures to the stockmarket regarding its … Continue reading Austal faces civil case over alleged disclosure breach