Pyne Gould mulls options after court decides FMA raid was unlawful, watchdog keeps papers

Sun, 09 Sep 2012

By Paul McBeth Sept. 10 (BusinessDesk) - Pyne Gould Corp and its trustee unit Perpetual Group are weighing up their options after the High Court ruled the Financial Markets Authority's raid for information was unlawful, though the market watchdog didn't have to return the information. The High Court decided the FMA’s notices to obtain information from Perpetual Trust were unlawful, Pyne Gould said in a statement to the exchange. The company is considering "the possible implications of the judgment," it said. In a separate statement, the FM...

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