Market Manipulation Case: Fame Decorator Agencies V Jeffries Industries
BackgroundDiscuss about the Date of Payment of Dividend.
Case introduction: In this case, James OHalloran and his wife were acting as the directors and beneficiaries of Fame Decorator Agencies. The company had 217,430 ordinary shares and it also had 66,125 convertible preference shares in Jeffries Industries Ltd., which was a public company at the time and listed on the Australian Stock Exchange. Till December 1994, O’Halloran …
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