tiprankstipranks
Trending News
More News >

Federal Court Dismisses ASIC Case Against TerraCom Executives

Story Highlights
Federal Court Dismisses ASIC Case Against TerraCom Executives

Don’t Miss TipRanks’ Half-Year Sale

TerraCom Limited ( (AU:TER) ) has provided an update.

The Federal Court of Australia has dismissed the case against TerraCom Limited’s Managing Director, Danny McCarthy, and three former directors and officers, brought by the Australian Securities and Investments Commission (ASIC). Earlier, TerraCom had reached an agreement with ASIC to resolve the case against the company, pending court approval. This judgment may positively impact TerraCom’s operations and industry positioning by alleviating legal uncertainties and reinforcing stakeholder confidence.

More about TerraCom Limited

TerraCom Limited (ASX:TER) is an Australian-based mining resources company with a global presence, operating primarily in the coal sectors in Australia and South Africa. The company is recognized as a low-cost producer, focusing on delivering exceptional outcomes from its high-yielding diversified asset portfolio for its investors.

Average Trading Volume: 3,721,208

Technical Sentiment Signal: Sell

Current Market Cap: A$64.08M

Find detailed analytics on TER stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1