Over the past decade, there has been a growth in class actions relating to mining company director's duties of care and diligence (including appropriate risk management), such as the: 1. Newcrest class action settled in 2014 for AUD 36M (Slater & Gordon 2016) for: "misleading or deceptive conduct by providing production guidance without reasonable grounds" and for"breaching continuous disclosure obligations" (i.e. allegedly due to acquisitions which were subsequently substantially written down).
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