Regulatory Alerts2025-09-03
Charges discontinued against former Bruck Textile Technologies officers
The Australian Securities and Investments Commission announced that charges against former Bruck Textile Technologies officers Philip Bart and Ronald Johnson have been discontinued. The decision follows a Victorian Court of Appeal judgment regarding the interpretation of offence legislation under the Corporations Act. Additionally, a suppression order regarding former CEO Geoffrey Parker was revoked, although his conviction was later overturned on appeal.
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