Paladin Group and David Paul Hodgson Sued by ASIC
Paladin Group Founder and MD in ASIC Lawsuit
Dave Hodgson, the founder and managing director of the Paladin Group of Companies, is facing a lawsuit from the Australian Securities and Investments Commission (ASIC).
ASIC is alleging that Hodgson and companies associated with the Paladin Group engaged in misleading and deceptive conduct, and breached their duties as directors. The lawsuit alleges that Paladin Group companies made false and misleading statements to investors, and failed to disclose material information.
Hodgson is a well-known figure in the financial services industry. He is the founder and CEO of the multi-billion dollar Paladin Corporation, which is a group of 32 companies. He is also a financial engineer and has written extensively on financial markets.
The lawsuit is a significant development in the ongoing saga surrounding the Paladin Group. The group has been under investigation by ASIC for several years, and a number of its companies have been placed into administration.
The lawsuit is expected to shed light on the operations of the Paladin Group and the conduct of its directors. It is also likely to have a significant impact on the financial services industry.
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