BREACH OF DUTIES and BUSINESS INFORMATION INTRODUCTION
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BUSINESS AND CORPORATE LAW Name of the student Name of the University Author Note Plaintiff: Australian Securities and Investments Commission [ASIC] Defendant: Southcorp Limited (“Southcorp”) CASE INTRODUCTION Mr. Cullingham failed to make disclosure of material information concerned Southcorp Limited to the ASX: Disclosure Obligation of Corporations as per Listing Rules: Breach of section [674(2)] of the Act; BREACH OF DUTIES Disclosure obligation of corporations is mandatory; No sufficient evidence against fall in share price