Nigel Charles Purves v Corcum Group Limited [2008] NSWSC 924

Nigel Charles Purves v Corcum Group Limited [2008] NSWSC 924

Mr Purves breached fiduciary and statutory duties by incurring expenses, causing payments, and procurement of obligations detrimental to the company. Damages were assessed based on identified heads of loss supported by evidence.

Jurisdiction
Australia
Judgment Date
12 August 2008
Procedural Posture
Civil / Judgment
Outcome
Judgment for cross-claimant against cross-defendant
Legal Topics
["directors' Duties" 'breach of Fiduciary Duty' 'statutory Duties' 'damages']
['corporations Law'] ["directors' Duties" 'breach of Fiduciary Duty' 'statutory Duties' 'damages']

Case Brief

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Procedural Posture

Civil / Judgment

Legal Issues

  1. 1 ['Whether Mr Purves breached his fiduciary and statutory duties as director by incurring unlawful expenses and causing financial detriment to the company.']

Ratio Decidendi

Mr Purves breached fiduciary and statutory duties by incurring expenses, causing payments, and procurement of obligations detrimental to the company. Damages were assessed based on identified heads of loss supported by evidence.

Court Disposition

Judgment for cross-claimant against cross-defendant

Orders

  • ['Cross-defendant to pay cross-claimant $282,019.04 plus interest (from 4 March 2005, except boat amount from 27 February 2006)' "Cross-defendant to pay cross-claimant's costs of the proceedings"]