31 Mar 2022
XXXX XXXX
- Citation
- 22NCC-146-05/2015 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- 22NCC-146-05/2015 (Mahkamah Tinggi)
On the balance of probabilities the court found 1st Defendant attended the emergency board meeting and thus possessed the non-public Cancellation Notice, circumstantial evidence of intensive short-duration calls/SMS between defendants around disposal dates together with expert evidence of materiality established that 1st Defendant communicated the inside information to 2nd Defendant who then disposed of shares while in possession of that information; the information was material and not generally available and both defendants thereby breached s188 CMSA; counterclaim dismissed for lack of proo…