Original article by Ben Butler, John Stensholt
The Australian – Page: 2 : 22-Nov-18
Free TV Australia chairman Harold Mitchell has stepped down in the wake of legal action arising from his former role as a director of Tennis Australia. He has described the Australian Securities & Investments Commission’s allegations as false and has vowed to "vigorously defend" the legal action. ASIC alleges that Mitchell withheld information from TA’s board about potential bids for tennis broadcasting rights. The rights were awarded to the Seven Network, which has disputed ASIC’s claim that it had received confidential information from Mitchell about rival bids.
CORPORATES
FREE TV AUSTRALIA LIMITED, TENNIS AUSTRALIA, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, SEVEN NETWORK LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, TEN NETWORK HOLDINGS LIMITED, IMG AUSTRALIA, FEDERAL COURT OF AUSTRALIA