Wooldridge Denies Conflict of Interest


Unitholders may be interested to read the attached article from The Australian Financial Review dated 15 May 2013.


The article reports on the cross-examination of Dr Michael Wooldridge during the current Federal Court proceedings brought by ASIC against certain former directors of APCH.   The article also reports that the directors had argued that they had "no case" to answer, an argument that was rejected by Justice Murphy.  Two other directors have been cross-examined to date and we expect the cross-examinations to continue for a few more days.  Some interesting evidence has emerged during the cross-examinations and we will be reporting further on this in due course.